The Faber Report
- Paulson Funds Report Q3 Performance
- Asking the Wrong Vivendi Question
- Don’t Jump on the Mead Johnson Rumor
- Sprint Back in Takeover Spotlight, But Should It Be?
- Atticus Founder Walks Away, Leaving High Water Mark Behind
- AIG Rallies for Now, but Future Remains Unclear
- AIG’S Big Move
- CIT Looks Set to File for Bankruptcy
- SEC Finally Settles Its 'Koz'
- Beware GM Equity
- U.S. Stocks Fall on Dubai Worries
- Black Friday at Best Buy
- Strategists on Dubai: Avoid 'Rash Moves' Now
- Longer Lines, Fuller Carts This Black Friday
- Dubai Stock Market Fear Has 'Legs': Dennis Gartman
- Obama's Emission Reduction Pledge Paints Future for Autos
- Is Super Bowl Halftime Act Too Old?
- Surprising Options Trades in TiVo Shares
- EA Sports Hopes to Pump Up Sales Through Pop-Up Locations
- Dubai's Debt Woes Signal New Era for Creditors
- US Treasury Wants Banks to Do More to Ease Mortgages
- Fed Audit Would Hurt Economic Prospects: Bernanke
- Next Week: Cash In Now Or Wait For A Santa Rally?
- Dubai Stock Selloff May Bring Buying Opportunity
- Black Friday Sales Rise by 0.5%: ShopperTrak
- Longer Lines, Fuller Carts This Black Friday
- Big US Banks May Be Forced to Raise Capital: Bove
- Bank of America Amends Pay for Senior Executives
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CNBC Anchor and Reporter
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One of these days it’s plausible to believe that the ailing wireless giant Sprint [S
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] will be put out of its misery with the receipt of a viable takeover offer.
But don’t count on that being anytime soon.
Despite reports from the U.K.’s Telegraph that Deutsche Telecom [DT
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] is considering a bid for the company, bankers and lawyers who work with Sprint tell me that’s still news to them and the company.
That doesn’t make the Telegraph story untrue, but were any deal in the offing, chances are Sprint and its hired hands would know about it.
What I hear from Sprint’s advisors is that anti-trust concerns might make any T-Mobile [DT
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] (DT’s U.S. wireless asset) and Sprint link-up a very difficult deal to get done.
While AT&T [T
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] and Verizon [VZ
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] dominate the U.S. wireless arena, a merger of T-Mobile and Sprint, the number three and four players could be a tough one to get past the Obama administration’s anti-trust enforcers.
One scenario involving Sprint and Deutsche Telecom that does make sense involves Clearwire- the Wimax company 51% owned by Sprint that still needs billions of dollars to complete its build out. T-Mobile needs spectrum to start offering a 4-G wireless service and Clearwire [CLWR
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] has spectrum. While a buyout of Sprint by DT is somewhat hard to imagine, an investment from DT into Clearwire is not a stretch at all.
Stay tuned.
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