While AT&T ( T) and Verizon ( VZ) slug it out for first place, Sprint ( S) is vying against T-Mobile for the last place among the top four wireless telcos. Sprint was nearly undone by the Nextel merger, which took a toll on the company, its subscribers and its profits last year. This year, Sprint's recovery hopes are pinned largely on Palm's ( PALM) Pre, the hotly anticipated touchscreen smartphone. No. 4 player Deutsche Telekom's ( DT) T-Mobile USA has been the sector sleeper steadily gaining customers through inexpensive calling plans and a few fun phones. T-Mobile's modest success is due partly to Research In Motion's ( RIMM) popular BlackBerry phones. In addition to the BlackBerry Flip Pearl and the Curve, T-Mobile is expected to get another 3G addition to its lineup, sort of a sleeker version of the Curve and Bold. T-Mobile has also benefited from Google's ( GOOG) Android-powered HTC G1 phone. And, if reports are true, the second version of the phone, dubbed Magic, will land later this year. The other potential product hit for T-Mobile this year is the Samsung Memoir. This eight-megapixel camera is also a touchscreen phone that can surf the Web. T-Mobile is one of the fastest growing-business units of Deutsche Telekom's empire. For Sprint investors, the races with T-Mobile and even the Palm Pre are secondary to possible takeover prospects. Spain's mobile giant Telefonica ( TEL) is preparing to make a big impression in the U.S. As TheStreet.com reported Friday, Telefonica is looking to hire a publicity agent to handle its image in the U.S. and U.K.