T-Mobile US Inc's $26 billion deal to buy Sprint Inc banked on changes in w...
- T-Mobile US Inc’s $26 billion deal to buy Sprint Inc banked on changes in wireless technology and media streaming to win U.S. antitrust approval, but the bet now looks precarious.
While the Department of Justice has yet to reach a decision on whether to approve the deal, it is pushing Sprint and T-Mobile for evidence that the merger would be in the interest of U.S. consumers, people familiar with the matter said this week. “It is time to acknowledge that the odds of the deal are less than a coin toss,” said Craig Moffett, a senior analyst at Moffett Nathanson, in a note.
The changes include the development of ultra-fast 5G networks, Sprint’s struggles to operate on its own given its swelling debt load, and the marriage of telecommunications infrastructure with media production, as epitomized in AT&T’s $85 billion acquisition of Time Warner Inc. T-Mobile has also been very efficient in cutting prices for consumers, and there are questions within the Department of Justice whether this would continue after a merger with Sprint, the sources added.
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