This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Sprint Still Pushing for a T-Mobile Merger

NEW YORK ( TheStreet) -- Japan's Softbank hasn't given up on the idea of some sort of merger of the third-largest U.S. cellular carrier Sprint (S) and the country's No. 4, T-Mobile (TMUS - Get Report).

In a new interview with PBS's Charlie Rose, Softbank President Masayoshi Son, who also is the chairman of Sprint, said Sprint is still very interested in buying T-Mobile.

Son told Rose in no uncertain terms that he wants a T-Mobile deal so he can compete with the big guys -- Verizon (VZ) and AT&T (T) -- and so the new company can pressure everyone to lower the high monthly service fees U.S. consumers are currently being charged.

Sprint's stock was gaining more than 1.5% to $8.85 and T-Mobile was up more than 1.7% to $31.50 in premarket trading on Tuesday.

Son is in Washington this week to meet with regulators and Federal Communication Commission officials. He wants to tell them, in person, about Softbank's plans for Sprint, T-Mobile and the current as well as future landscape of the U.S. marketplace. He has a lot of convincing to do.

A possible merger of the two companies has already been criticized by those same regulators and by FCC Chairman Tom Wheeler. According to those with knowledge of the talks, Wheeler, who met with Son and Sprint CEO Dan Hesse last month, expressed some skepticism about any possible merger of the two companies.

Officials are reportedly worried that narrowing cellular carrier choices from four major players to three will turn out to be a bad deal for consumers. Bu, Son is back to argue that a merged company would be better able to compete with Verizon and AT&T than either Sprint or T-Mobile can do separately.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
S $3.50 -2.40%
TMUS $39.02 -1.90%
AAPL $93.08 -1.90%
FB $116.41 -0.27%
GOOG $690.69 -0.05%


Chart of I:DJI
DOW 17,689.65 -141.11 -0.79%
S&P 500 2,056.73 -19.08 -0.92%
NASDAQ 4,760.8580 -44.4330 -0.92%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs