NEW YORK (TheStreet) -- Shares of T-Mobile US Inc. (TMUS) 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.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
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
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV