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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.

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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