Report: Sprint seeks to acquire T-Mobile

Updated

Sprint is “working toward a possible bid” for T-Mobile, the Wall Street Journal reports. It’s noted the deal could be worth more than $20 billion. An approved deal would preserve Sprint’s status as the third largest carrier behind Verizon and AT&T, but up its subscriber count to 53 million postpaid customers. However, former antitrust officials said the government would be “very wary” of such an acquisition. AT&T’s attempt to acquire T-Mobile in 2011 was abandoned after the Department of Justice moved to block the merger; a merger with Sprint would not as radically change the competitive landscape.

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Phil Dzikiy

Phil Dzikiy was the Editor-in-Cheif at iLounge. He mostly edited and oversaw all site editorial content, managed staff and freelancers, made the final call on product review grades and awards, and led online coverage of all Apple events and live coverage of the International CES in 2015.