Sprinting Towards T-Mobile

The rumor-mills have been buzzing for a while now about Sprint attempting to buy T-Mobile - America's third largest carrier gobbling up the fourth.

According to the WSJ the deal is all but final, and a price tag of $32 billion has been agreed to. All that remains is to announce it publicly, and await shareholder and regulatory approval.

When AT&T attempted to buy T-Mobile in 2011, the deal failed to get approved by regulators, who thought that it would diminish competition too much.

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It will be interesting to see if any of the same issues emerge this time around, especially since in the meantime T-Mobile has acquired the sixth largest carrier - Metro PCS.

(It can get confusing to keep track of who owns whom!)

The real interesting twist to the rumors this week - though Sprint is the dominant party taking over T-Mobile, it will actually be T-Mobile's unconventional CEO John Legere left in charge of the combined company.

I have loved how Legere has shaken up the entire mobile industry - causing ripples of change that have impacted even the bigger players. If he is also put in charge of Sprint's resources, he may soon have twice as much leverage.

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This will be a very interesting developing story to keep an eye on.

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