More wireless consolidation? regulators block AT &T....& T-Mobile.......and will block this one too....
More wireless consolidation?
Posted 07:58 PM ET
The CFO of T-Mobile U.S. said at a Goldman Sachs conference he expects to see further consolidation in the U.S. wireless market. A merger between No. 4 T-Mobile (TMUS) and No. 3 Sprint (S) is "the logical ultimate combination," CFO Braxton Carter told Reuters, but didn't say whether the two companies are in talks. He called the U.S. regulatory environment "tough" — in '11, regulators blocked T-Mobile's proposed sale to AT&T (T). T-Mobile shares rose 2.5%. Sprint was unchanged.