NEW YORK (
CNBC's David Faber recently interviewed
SoftBank CEO Masayoshi Son, whose company has a majority stake in
(S) That got
TheStreet's Jim Cramer, co-manager of the
Action Alerts PLUS portfolio, thinking about mergers Wednesday.
Cramer said that after watching the Tuesday interview "I felt more emboldened to thinking that the leap of faith of Sprint being able to buy T-Mobile (TMUS) could happen."
He said he likes Sprint on a fundamental basis, "but only if it can make an acquisition."
But Cramer said he realizes the U.S. Department of Justice and the Federal Communications Commission seem fairly content to having four main players in the wireless phone business: Sprint, T-Mobile, Verizon Communications (VZ), and AT&T (T).Cramer pointed out the Justice Department initially blocked the merger of American Airlines and U.S. Airways to become American Airlines Group (AAL) before approving it. Getting a deal done with T-Mobile will put shares of Sprint up to $11 or $12, he said, while no deal could force Sprint to seek additional financing because of the cost of its network upgrades.
- - Written by Bret Kenwell in Petoskey, Mich. Follow @BretKenwell
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