Wednesday, 20 September 2017 08:10 AM
NEW YORK, NY / ACCESSWIRE / September 20, 2017 / Shares of both Sprint Corporation and T-Mobile saw gains on Tuesday after a CNBC report revealed that the two companies might be once again in merger discussions. It was three years ago that SoftBank had wanted to acquire T-Mobile but abandoned the plans due to opposition from U.S. antitrust regulators. SoftBank's CEO revealed in an interview that he has always wanted both Sprint and T-Mobile as a set.
RDI Initiates Coverage on:
Sprint Corporation
https://rdinvesting.com/news/?ticker=S
T-Mobile US, Inc.
https://rdinvesting.com/news/?ticker=TMUS
Sprint's shares leaped ahead on Tuesday, closing the day up 6.77% on nearly 47 million shares traded. The stock was one of the most active stocks on the NYSE after it was revealed that Sprint and T-Mobile are talking again about a merger. According to a CNBC report citing anonymous sources, the two are in "active talks." It was three years ago that regulators had blocked a potential merger between the two. SoftBank owns about 83% of Sprint. SoftBank Group Corp. CEO Masayoshi Son said, "It makes sense not to have just two with such big market-share and two little ones," in an interview for "The David Rubenstein Show: Peer-to-Peer Conversations" on Bloomberg Television. He said, "From day one, I wanted to acquire not just Sprint. Sprint and T-Mobile as a set. That was my strategy."
Access RDI's Sprint Corporation Research Report at:
https://rdinvesting.com/news/?ticker=S
T-Mobile's shares closed up 5.86% on Tuesday with around 11.7 million shares traded. Shares climbed higher amid a unanimous sourced report that T-Mobile and Sprint are in active talks again about a possible merger. It was CNBC's David Faber who reported that Sprint, who is mostly controlled by SoftBank, and Deutsche Telekom's (DTEGY) T-Mobile, are again in discussions. Last week, Jefferies analyst Ulrich Rathe said that Deutsche Telekom doesn't feel pressured for a deal. "On M&A, Deutsche Telekom argues there is no pressure, in particular, no 'last chance to deal." T-Mobile has a larger market cap at $51 billion compared to Sprint's market value of $33 billion.
Access RDI's T-Mobile US, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=TMUS
Our Actionable Research on Sprint Corporation (NYSE: S) and T-Mobile US, Inc. (NASDAQ: TMUS) can be downloaded free of charge at Research Driven Investing.
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SOURCE: RDInvesting.com