Consumers and investors alike are watching with interest to see if Sprint will position itself to compete more aggressively with AT&T and Verizon by buying T-Mobile. MarketWatch reported on Dec. 15, 2013, that Sprint and T-Mobile are now stocks to watch. Each firm is generating a lot of interest in Wall Street.
Sprint (S) shares closed up 3.4% on Friday after a Wall Street Journal report that the company was preparing a bid the smaller competitor T-Mobile (TMUS), which was up +8.65% . If this deal is approved by regulators, the merging together of the third- and fourth-largest wireless carriers in the U.S. would present a more formidable challenge to much-larger AT&T Inc and Verizon Communications Inc.
PC World reports Sprint has been considering a bid for T-Mobile. However, at this time Sprint is not certain if the acquisition would run into regulatory problems, and so the bid probably won't happen until the beginning of 2014. A T-Mobile spokesman has declined to comment, while Sprint has said "we do not comment on rumor or speculation." This potential merger will be watched with keen interest on Wall Street as we enter 2014.