A PYMNTS Company

US: T-Mobile, Sprint deal seems inevitable

 |  September 25, 2013

The head financial officer of mobile telco operator T-Mobile told reporters this week that a merger with Sprint seems like the next logical step to consolidate the US wireless market and launch a third-place carrier to rival the current top players, AT&T and Verizon.

T-Mobile’s Braxton Carter did not confirm whether the two companies were in merger talks, but described such a deal as “the logical ultimate combination,” describing the consolidation as “not a question of ‘if’ but ‘when.’”

AT&T launched an ultimately doomed bid to acquire T-Mobile in 2011; the deal was blocked by regulators on grounds the market needs four major wireless players.

Recently, however, T-Mobile has said that four top companies is not sustainable to the market, which would likely see a shift to just three major carriers in the near future.

Full Content: The Verge

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.