U.S. skeptical on Sprints possible T-Mobile deal Sprint Corp. board members Masayoshi Son and Dan Hesse met recently with Justice Department officials who said they would view a Sprint acquisition of wireless rival T-Mobile US Inc. with skepticism, people briefed on the conversation said. The conversation, which occurred in January, shows the seriousness of Mr. Sons interest in a deal, and his highest hurdle. U.S. antitrust authorities regard the current lineup of four national mobile-phone carriers as important to maintaining a competitive market, and department officials indicated at the meeting that a deal combining Sprint and T-Mobile could face regulatory difficulties, the people said. (...) A key argument for Sprint and T-Mobile is likely to be that market leaders Verizon Wireless and AT&T Inc., which account for more than two-thirds of the U.S. industrys subscribers and nearly all its profits, wont face any significant competition absent a merger, and that their advantage over smaller carriers will only grow larger over time, people familiar with the matter said. marketwatch/story/us-skeptical-on-sprints-possible-t-mobile-deal-2014-01-28-214854853?link=MW_latest_news
Posted on: Wed, 29 Jan 2014 13:22:03 +0000
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