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T-Mobile and Sprint May Be Getting Together Again

Recent statements indicate that the two carriers and their respective parent companies Deutsche Telekom and SoftBank are in early talks about joining forces

T-Mobile and Sprint are in early talks with each other about a deal to consolidate, Bloomberg reported Friday. Executives from Sprint's parent, SoftBank, and T-Mobile's parent, Deutsche Telekom, have also been in "informal contact," according to the report.

A combination would create a larger third player to compete against Verizon Wireless and AT&T, by far the No. 1 and No. 2 carriers in the US. T-Mobile has been on a tear over the past two years, outstripping the industry in subscriber growth, while Sprint has slowly showed signs of turning itself around.

Sprint tried to buy T-Mobile in 2014, but the deal fell apart in the early stages because regulators weren't interested in further consolidation in the wireless business. But President Donald Trump takes a more business-friendly stance, which opens the door to a deal.

Deutsche Telekom CEO Tim Hottges told investors Thursday that he sees several advantages to consolidation.

T-Mobile and SoftBank representatives weren't immediately available for comment. Sprint and Deutsche Telekom declined to comment.

Source: C/NET, Bloomberg 


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