Sprint preparing to bid for T-Mobile: Report

Friday, 13 Dec 2013 | 5:03 PM ET
Potential Sprint bid for T-Mobile exciting: Pro
Friday, 13 Dec 2013 | 4:01 PM ET
T-Mobile's shares surged on Dow Jones' report of a potential takeover bid from Sprint. Lee Munson of Portfolio Asset Management; CNBC market analyst Kenny Polcari; and CNBC contributor Zachary Karabell, discuss.

Sprint is mulling a possible bid for rival wireless provider T-Mobile, a move that could leave the U.S. wireless market dominated by three mega-companies, The Wall Street Journal reported Friday.

Sprint could launch a bid as early as the first half of next year, the report said citing people familiar with the matter.

The company is reportedly studying regulatory concerns before moving forward. Placing a bid despite regulators' concerns would be risky, and a bad reaction could put an end to the effort.

A deal between the third- and fourth-largest U.S. carriers could be worth more than $20 billion.

Sprint shares rose 10 percent in after-hours trading, while T-Mobile shares dipped 1.2 percent.

Sprint declined to comment to CNBC.

Click here to read the full report from The Wall Street Journal.

—CNBC's Ryan Ruggiero contributed to this article.

  Price   Change %Change


Contact M&A


    Get the best of CNBC in your inbox

    › Learn More

Private Equity