Scalper1 News
Just why Sprint needs T-Mobile US, widely speculated to be a takeover target, could become crystal clear after Q4 earnings are out. Japan’s SoftBank, which owns 80% of Sprint (S), reportedly is in talks with banks to raise cash to buy out Deutsche Telekom (DTEGY). The German phone company owns 67% of T-Mobile (TMUS). The deal would combine the Nos. 3 and 4 U.S. wireless carriers, to better battle leaders Verizon (VZ) and AT&T (T). T-Mobile Scalper1 News
Scalper1 News