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US: A T-Mobile/Sprint merger threatens industry earthquake

 |  December 16, 2013

Reports have emerged that major US wireless carriers T-Mobile and Sprint could be looking to merge – a major deal that would send shockwaves through the nation’s mobile industry and reduce the number of major carriers from four to three.

The Wall Street Journal first reported news that Sprint may be looking to bid on T-Mobile. The news coincides with Deutsche Telekom’s previously-announced plans to leave the US and divest its majority stake in T-Mobile.

Reports point out, however, that any potential deal would face major antitrust scrutiny. An earlier buyout attempt by AT&T to acquire T-Mobile has already been blocked. But should a buyout attempt occur, reports say the bidding could reach up to $20 billion and would likely be made in the first half of next year.

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