Sprint and T-Mobile US stocks surged briefly late last week on published reports that preliminary merger discussions have started between Sprint, its parent company Softbank and T-Mobile US parent company Deutsche Telekom.
Bloomberg reported that executives from Sprint and Softbank have been in touch with Deutsche Telekom and that financial firms are angling to facilitate any deal that might come together. Now that the quiet period for the federal 600 MHz auction has ended, telecom companies who participated in the auction can now hold merger-related discussions — and the end of the quiet period has meant ramped-up anticipation of a possible T-Mobile US/Sprint deal.
