Justice Department Skeptical About Sprint Acquisition of T-Mobile [iOS Blog]

Justice Department Skeptical About Sprint Acquisition of T-Mobile - Mac Rumors window.fbAsyncInit = function() { FB.init({ appId : '263507923666566', status : true, // check login status cookie : true, // enable cookies to allow the server to access the session xfbml : true // parse XFBML }); }; (function() { var e = document.createElement('script'); e.src = document.location.protocol + '//connect.facebook.net/en_US/all.js'; e.async = true; document.getElementById('fb-root').appendChild(e); }()); Front Page Mac Blog iOS BlogRoundups AirPortApple TViMaciOS 7iPad AiriPad miniiPhone 5ciPhone 5siPhone 6iPod classiciPod nanoiPod shuffleiPod touchiWatchMac miniMac ProMacBook AirMacBook ProOS X MavericksThunderbolt Display Buyer's Guide ForumsGot a tip for us? Share it... Push Twitter Facebook RSS a. Send us an emailb. Anonymous formclose (x)Justice Department Skeptical About Sprint Acquisition of T-MobileTuesday January 28, 2014 4:01 pm PST by Jordan GolsonBack in December, it was reported that Sprint -- the U.S.'s third-largest cell carrier -- was preparing a bid to acquire T-Mobile, the country's fourth-largest carrier. The deal, depending on the stake Sprint attempts to buy, could be worth more than $20 billion.

Recently, a pair of Sprint board members met with the U.S. Department of Justice to discuss a possible acquisition, reports The Wall Street Journal. The report says the DoJ has concerns over a potential deal.

The conversation, which occurred in January, signals the seriousness of Mr. Son's interest in a deal, but also underscores his highest hurdle. U.S. antitrust authorities believe the current lineup of four national carriers is important to maintaining a competitive market, and department officials indicated at the meeting that a deal combining Sprint and T-Mobile could face regulatory difficulties, the people said

According to the WSJ, Sprint has lined up roughly $31 billion in potential financing and the company is not deterred from pursuing an acquisition.

Japanese carrier Softbank purchased a 70 percent controlling interest in Sprint back in 2012 for roughly $20 billion. T-Mobile is majority owned by German telecom giant Deutsche Telekom.

Previously, AT&T attempted to acquire T-Mobile but government intervention prevented the deal from concluding. Since then, the companies have had a growing feud as they launch ever escalating marketing efforts in an attempt to poach each other's customers. [ 48 comments ] Share on Twitter Share on Facebook Share on Google+ Top Rated Comments(View all)

wordoflifePosted: 2 days ago at 04:15 pmSprint has shown time and time again how incompetent they are. T-Mobile is actually doing well and growing at an extremely fast rate. Would hate to see Sprint get ahold of T-Mobile.

AT&T and Sprint would not be doing some of the things they are doing right now if it were not for T-Mobile's Uncarrier. Verizon will probably follow up soon with something.Rating: 11 PositiveskazmacPosted: 2 days ago at 04:08 pm4 companies are better than three. And I'd hate to see Sprint get T-Mobile.Rating: 10 PositivesTiger8Posted: 2 days ago at 04:20 pmSo Sprint cried like a baby when AT&T was to accuire T-Mo, and now they want to accuire T-Mo themselves?

Also, how many incompatible technolgies can Sprint take?

First they accuired Nextell which cost them billions of dollars in loses, then they accuire ClearWire (again, after letting go of it) and they kill it and will be phasing out its WiMax, and now a GSM carrier? Are you kidding me?Rating: 6 Positives1080pPosted: 2 days ago at 04:12 pmI hope a deal can be reached! :D

You like high priced wireless service?Rating: 6 PositivesDJsteveSDPosted: 2 days ago at 04:25 pmThe justice dept doesn't like this merger but they let the AA/US Air one go through. hello higher airline tickets!Rating: 3 PositivesOrangeSVTguyPosted: 2 days ago at 04:12 pmWe need as many as companies as possible. All these acquisitions of bigger companies eating up these little companies isn't leaveing much of a choice for consumers.

This country doesn't need a single Monoply for wireless service.Rating: 3 PositivesSolomaniPosted: 2 days ago at 06:06 pmTo imply that "Sprint plans to acquire T-Mobile" is misleading at best.

In reality, it is the gigantic Japanese mega-corporation Softbank (which also owns much of Sprint) that wishes to acquire T-Mobile USA.

By implying the former, Softbank is trying to make this look like an "innocent merger" between 2 small fry carriers, and they are hoping that this is how the US Courts perceive this acquisition.Rating: 2 PositivesSoAnywayPosted: 2 days ago at 04:54 pmGood. This is exactly why regulation is a good thing because it create competition.

The more companies there are in the market, the better for us consumers.Rating: 2 PositiveswordoflifePosted: 2 days ago at 04:21 pmAlso, how many incompatible technolgies can Sprint take?

First they accuired Nextell which cost them billions of dollars in loses, then they accuire ClearWire (again, after letting go of it) and they kill it and will be phasing out its WiMax, and now a GSM carrier? Are you kidding me?

That's Sprint for you.Rating: 2 PositivesShrinkPosted: 2 days ago at 04:15 pmI hope a deal can be reached! :D

I'm wondering why?

Do you feel that it would benefit the consumer to have reduced competition?

What advantage would be conferred to consumers, or to the companies, by the buy out?Rating: 2 Positives
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