TechHive: Report: Sprint looking at buying T-Mobile

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Report: Sprint looking at buying T-Mobile Dec 13th 2013, 23:24, by Stephen Lawson Sprint is considering an acquisition of T-Mobile US that would reduce the U.S. mobile industry to three large carriers if approved by regulators. The country's third-largest mobile operator, which itself was acquired by Japan's SoftBank only months ago, is studying regulatory concerns and might make a bid in the first half of next year, according to a Wall Street Journal report on Friday that cited unnamed sources. A merger of Sprint and T-Mobile would eliminate one major national competitor from the market, so it could draw fire from antitrust regulators. In 2011, the U.S. Department of Justice and the Federal Communications Commission shot down a proposed merger of T-Mobile and AT&T. If regulators react badly to Sprint's hints at buying T-Mobile, the bid may never happen, the Journal said. Consumer activist groups wasted no time attacking the reported merger plan. To read this article in full or to leave a comment, please click here Media files: sprintlogo_original-100019654-small.jpg

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