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Aaron Spatz is the writer of SEC Live Filings Digest, detailing the news of companies trading on U.S. stock exchanges. The Filings Digest is but one component of the greater website SEC Live, which specializes in making SEC filings easy to read, research, navigate, and much more.
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  • Sprint-T-Mobile Merger In The Works 0 comments
    Dec 27, 2013 9:07 PM | about stocks: SFTBF, S, TMUS, VZ, T, DTEGF, AAL

    Originally published at www.seclive.com

    SoftBank (OTCPK:SFTBF), the majority owner of Sprint (NYSE:S), is said to be moving forward with plans to acquire T-Mobile (NYSE:TMUS). The number three and four U.S. cellular providers respectively could potentially combine to more directly compete with Verizon (NYSE:VZ) and AT&T (NYSE:T). Currently Verizon and AT&T have a combined total of over 100 million customers while T-Mobile and Sprint have a combined total of approximately 100 million customers. According to sources, the deal is in the final stages between SoftBank and T-Mobile's parent company Deutsche Telekom (OTCPK:DTEGF), and would result in SoftBank becoming the world's second-largest carrier. Many analysts in the U.S. are doubtful the Department of Justice and Federal Communications Commission will approve the deal amidst concerns of preserving a competitive marketplace. A similar deal was rejected in 2011 when AT&T attempted a purchase of T-Mobile, but the recent approval of the American Airlines and US Airways merger could indicate a greater willingness to approve.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Themes: merger Stocks: SFTBF, S, TMUS, VZ, T, DTEGF, AAL
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