NEW YORK, NY / ACCESSWIRE / May 15, 2017 / Merger talks between Sprint Corp. and T-Mobile had investors excited on Friday but not enough to cause any significant change in share price for either telecom company. The talks are still in the preliminary stages. According to Bloomberg, Sprint's owner Softbank initiated the discussions for a possible merge by reaching out to T-Mobile.

RDI Initiates Coverage on:

T-Mobile US, Inc.
https://ub.rdinvesting.com/news/?ticker=TMUS

Sprint Corporation
https://ub.rdinvesting.com/news/?ticker=S

T-Mobile US, Inc. shares may have traded flat on Friday with a modest loss of 0.40% at the close, but it doesn't mean the company didn't have some exciting news. T-Mobile and Sprint could be considering a merger. The nation's third and fourth-largest cell phone carriers are rumored to be in preliminary talks. Parents of both companies, SoftBank and Deutsch Bank have confirmed last week that they are open to consolidation.

Deutsch Bank CEO Tim Hoettges commented, "It is not only permitted and possible, but now very likely that discussions will get under way concerning various potential strategic combinations of businesses in our industry." Softbank's Chief Executive Masayoshi Son also was supportive of the idea and said, "We'd sincerely love to begin talks."

Access RDI's T-Mobile Research Report at:
https://ub.rdinvesting.com/news/?ticker=TMUS

Sprint Corporation shares closed up 1.02% on Friday after it was revealed by unnamed sources that Sprint and T-Mobile are now in preliminary conversations about merging. Executives from both SoftBank Group, Sprint's largest shareholder, as well as Deutsch Telekom, T-Mobile's largest shareholder, began informal discussions. Deutsche Telekom CEO Tim Hoettges has said he is open to a consolidation. Perhaps traders weren't too enthusiastic about the news because of how early the talks are and because of how strict regulators have been over such merger ideas. Sprint previously argued back in 2014 to regulators that combining the two companies could give it more scale to compete against Verizon and AT&T. Any merger discussions had been on hold for over a year as both Sprint and T-Mobile were involved in the FCC spectrum auction and while in the auction, consolidation talks were not allowed.

Access RDI's Sprint Research Report at:
https://ub.rdinvesting.com/news/?ticker=S

Our Actionable Research on T-Mobile US, Inc. (NASDAQ: TMUS) and Sprint Corporation (NYSE: S) can be downloaded free of charge at Research Driven Investing.

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SOURCE: RDInvesting.com