Where there’s smoke there’s fire, and Sprint’s rumored upcoming T-Mobile takeover bid is a blazing inferno right now. Numerous reports have suggested that Sprint and its parent company, Japanese wireless carrier SoftBank, are discussing a possible deal to combine the No. 3 and No. 4 carriers in the U.S. with T-Mobile parent company Deutsche Telekom. Banks were reportedly jumping at the opportunity to finance the deal and more recent reports suggest Sprint now has several offers in hand to fund the merger. While such a deal would undoubtedly face some serious regulatory hurdles, the mere possibility that such a deal could take place has prompted the Communications Workers of America — the nation’s largest labor union for communications workers, with more
CWA: Sprint buying T-Mobile would be even worse than AT&T buying T-Mobile
21
Jan
2014
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