real-time news and commentary for investors
Tuesday, Sep 11
2012, 2:10 PM
Don't bet on a Sprint/T-Mobile merger happening, says Goldman. The combined company would own...
Don't bet on a Sprint/T-Mobile merger happening, says Goldman. The combined company would own $35B in high-yield debt, the firm points out, and Deutsche Telekom (DTEGY.PK) might not be crazy about a deal that would face regulatory scrutiny and have a major equity component to it (ed: another hurdle is that the carriers run incompatible 3G networks). The firm thinks a Sprint (S) bid for MetroPCS (PCS - previous) or Leap Wireless (LEAP) is more logical. (Sprint CEO remarks)