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Sprint, T-Mobile jump on report deal talks have restarted
11 April 2018, 08:05 | Vera Richards
Sprint, T-Mobile Restart Deal Talks, Once Again
Shares of Sprint and T-Mobile were up over 6 percent following the news, as Wall Street analysts have always been a fan of a merger between the two companies.
The on-again, off-again courtship between telecoms Sprint and T-Mobile is officially back on, with The Wall Street Journal reporting today that the companies have resumed talks of a merger for what is the third time in four years. Japan's SoftBank owns 85% of Sprint; the company's founder and CEO, Masayoshi Son, was reluctant a year ago to give up a large chunk of the carrier in any deal with T-Mobile.
The scribe mentions that the latest round of talks are still in the preliminary stages which suggests that there's a possibility that they might fall through again. On the other hand, a merger would remove the cheapest wireless network in America, Sprint, from the picture, and remove downwards price pressure from the marketplace. The idea behind a merger between the two carriers has always been to put up a united opposition to behemoths like Verizon and AT&T who have a considerable hold on the country's mobile market.
Would you like to see a merger between T-Mobile and Sprint? Competition is low, unlimited plans are nonexistent, and a reasonable plan costs over $100 a month.
But critics of any such deal fret that a post-merger environment could temper if not eliminate such practices and possibly result in higher prices for all wireless customers. Cowen reiterated a "hold" rating on shares of Sprint in a report on Monday, February 5th.
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Henderson Group PLC raised its position in Sprint Corporation (NYSE:S) by 151.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). One potential issue with the merger is the ongoing antitrust case surrounding AT&T's requested acquisition of Time Warner.
T-Mobile has change quite a bit since 2014, with the "Un-carrier" growing quite a bit in subscriber numbers.
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