NEW YORK (TheStreet) -- Shares of T-Mobile US Inc. (TMUS - Get Report) are up 5.84% to $34.99 in pre-market trade as CEO John Legere makes contingency plans in case a long talked about offer from Sprint (S) doesn't materialize, the New York Post reports.
The company, which is the country's fourth biggest wireless carrier, is offering to buy valuable spectrum from smaller rivals even though Legere might have to resell some of those same airwaves if a merger with Sprint passes regulatory requirements, sources told the Post.
SoftBank (SFTBF), the parent of Sprint, is now expected to make a formal offer for T-Mobile next month or in August, and is said to have agreed to a $2 billion breakup fee if antitrust regulators reject a merger.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts