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.

From other sites
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 (208) | 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
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs