Here’s his thesis:
“It would have been terrific for Sprint to get a more consolidated industry with firmer pricing.” Now that's not happening.
Also Moffett says don't expect Sprint to hook-up with T-Mobile now that AT&T is gone - he doesn't see it.
Look at the The Justice Department complaint closely, he says, the government wants to see 4 players in the market not 3.
“Deutsche Telekom knows that. I think it’s extraordinarily unlikely that DT entertains an offer from Sprint should one even come.”
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Trader disclosure: On Dec 19, 2011, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Adami owns C; Adami owns GS; Adami owns INTC; Adami owns MSFT; Adami owns NUE; Adami owns BTU; Adami owns AGU; Terranova owns TRLG; Terranova owns SWN; Terranova owns SU; Terranova owns VRTS; Terranova owns IBM; Terranova owns LQD; Terranova owns MUB; Terranova owns EMC; Terranova owns CSCO; Terranova owns AXP; Terranova owns SBUX; Kelly is short UBS; Kelly is short BCS; Kelly is short SLX; Seymour is long KRE; Seymour is long IWM; Cortes is long SO; Cortes is long TSN; Cortes is long SVU; Cortes is long Treasuries; Cortes is short AAPl; Cortes is short XRT; Cortes is short Crude
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Kerner owns shares of Facebook
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