Sprint Reportedly Considering Acquisition of T-Mobile
Feds may thwart
Sprint (NYSE:S) is reportedly plotting a move to acquire rival T-Mobile in a deal that, if approved, could help the two carriers gain some significant ground on U.S. market leaders AT&T (NYSE:T)and Verizon (NYSE:VZ).
According to a report from the Wall Street Journal citing people familiar with the matter, Sprint could launch a bid for T-Mobile as soon as the first half of 2014. The deal could be valued at more than $20 billion, according to sources.
