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US: Sprint backtracks in T-Mobile pursuit

By  |  February 10, 2014

Reports have been following Sprint’s back-and-forth behavior in regards to whether the wireless operator will actually make a buyout bid for rival T-Mobile, with the latest updates suggesting that Sprint may back down from the plan.

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    While media reported last week that Sprint could potentially be sitting on billions in financing for the deal, updates suggest regulatory criticism of such a merger may have discouraged a bid. The company is said to be planning a decision in the next few weeks on whether or not to attempt an acquisition.

    Sprint is looking to compete with the nation’s top contenders, Verizon and AT&T. But the Federal Communications Commission and the Department of Justice seem wary of the transaction and determined to maintain the level with four competitors.

    Full Content: Fox Business

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