Reuters: FCC's Wheeler skeptical about Sprint/T-Mobile deal


Federal Communications Commission Chairman Tom Wheeler yesterday expressed skepticism about the possibility of Sprint (S) acquiring T-Mobile US (TMUS), Reuters reports. Wheeler made his feelings known during a meeting with Sprint Chairman Masayoshi Son and CEO Dan Hesse.

Wheeler echoed comments that antitrust chief William Baer made last week, when the latter gave long odds that mergers between any two of the four largest cellular carriers would receive regulatory authorization.

However, Wheeler also said he would keep an open mind about the prospective deal.

Sprint argues that it needs to merge with T-Mobile US so that it can challenge the dominance of Verizon and AT&T.

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Comments (2)
  • AggGrow
    , contributor
    Comments (210) | Send Message
     
    If only we knew what Hesse knows. Why would Sprint want to merge with TMob anyway? It must have to do with Real Estate.
    4 Feb 2014, 07:55 AM Reply Like
  • BigAppleGuy
    , contributor
    Comments (196) | Send Message
     
    Even though DOJ and FCC has initially come out as skeptical, that is their job. I would be skeptical if they weren't skeptical lol. I think they are just posturing and a merger is very possible, as it is plain to see that, in this case, a merger will lead to 3 strong national carriers and increased competition, better pricing and more innovation.

     

    Even without a merger, Sprint has tremendous value in it's spectrum and future plans, it will just take longer. If as a shareholder you liked Sprint in Dec 2013 at 11+ PPS, you will like it even more on Dec 2014 at 15+ PPS, sooner if merger is approved, imho.
    4 Feb 2014, 08:02 AM Reply Like
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