From CNET: Rivals T-Mobile and Sprint may end up on the same team.
The companies are in early talks with each other about a deal to consolidate, according to Bloomberg. Executives from Sprint's parent, SoftBank, and T-Mobile's parent, Deutsche Telekom, have also been in "informal contact," according to the report.
A combination would create a larger third player to compete against Verizon Wireless and AT&T, by far the No. 1 and No. 2 carriers in the US. T-Mobile has been on a tear over the past two years, outstripping the industry in subscriber growth, while Sprint has slowly showed signs of turning itself around.
Sprint tried to buy T-Mobile in 2014, but the deal fell apart in the early stages because regulators weren't interested in further consolidation in the wireless business. But President Donald Trump takes a more business-friendly stance, which opens the door to a deal.
Deutsche Telekom CEO Tim Hottges said on Thursday to investors that he sees several advantages to consolidation.
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