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Sprint Planning To Purchase T-Mobile And Name Legere CEO This Summer

April 30, 2014 - Written By Justin Diaz

We already had some idea that Sprint would potentially be attempting to buy T-mobile sometime this year. This wouldn’t be the first time that there has been an attempted buyout of the nations fourth largest wireless carrier, and this isn’t the first that we’ve heard of Sprint wanting to make this deal happen. There have been talks and speculations going around about it for months since word first started hitting the web back in December about the planned acquisition. Today though we’re learning of some new information that suggests that Sprint may end up trying to buy T-Mobile sometime this summer.

June or July looks to be the designated time frame according to Bloomberg, and with past months full of various talks with multiple banks to hash out details, it seems that Sprint and Masayoshi Son are gearing up to make their bid on T-Mobile shortly. While German Telekom company Deutsche Telekom is the majority owner of T-Mobile US at current, that could soon change and if regulators approve the deal to go through we could see waves of new competitive strategies flooding the US market between the new joint Sprint/T-Mobile and the number two and number one wireless carriers in the nation, which are AT&T and Verizon Wireless.

While plenty of people have their reserves about whether or not Sprint will be allowed to purchase T-Mobile or not, if the deal does go through another question on the matter would be who would run the company. At the moment the most likely candidate is sounding like T-Mobile’s current popular CEO John Legere would take over as the head of the merged entity, which doesn’t actually sound like a bad thing considering all the improvements he’s brought to T-mobile over the past couple of years while being at the helm of Big Magenta. As of the moment everything is merely speculative since the merger may very well not go through. The word is that Sprint’s plan to buy up T-Mobile could also have something to do with the recent merger between Comcast and Time Warner Cable according to the source. If all goes well and the FCC approves, that’s assuming Softbank CEO Masayoshi Son actually makes the offer. Over the next year or two would could start to see some of the biggest changes to the wireless industry beginning to take affect.