Wireless Industry News » Report: Sprint Moving Ahead with T-Mobile Buy, Bid Could Come by June
Masayoshi Son doesn't give up easily. That's the take from a Bloomberg report Thursday that claims Sprint is moving ahead with a bid to acquire T-Mobile.
According to the report, Sprint CFO Joe Euteneuer and Treasurer Greg Block have recently held meetings with six banks to ensure financing is ready for a T-Mobile bid. Sprint will likely put forth a bid in the June-July timeframe.
While originally panned by regulators who like the status quo four-carrier competition model here in the United States, SoftBank CEO/Sprint Chairman Son has made his case that Sprint and T-Mobile would be better able to compete as a combined entity. Read the full article