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Sprint Loses from AT&T Failed Acquisition of T-Mobile, Huh?


In the after market shares of Sprint climbed as investors bet AT&T’s failed bid to acquire T-Mobile benefited the number 3 wireless carrier.

But Sanford Bernstein analyst Craig Moffett tells us investors got it wrong.

"Ironically, Sprint would have benefited the most from the deal happening. And now they’re the biggest loser.”

Will Sprint Gain From AT&T's T-Mobile Loss?

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

For Scott Nations
Nations is long SPY
Nations is long C
Nations is long BAC

For Willie Williams
Societe Generale-firm makes market in euro currency and euro currency options

For Dennis Gartman
Gartman is short euro vs. the Canadian dollar and S&P 500 futures

For Doug Sipkin
Jefferies & Company, Inc makes a market in the securities or ADRs of Apple Inc.

For Lou Kerner
Kerner owns shares of Facebook

For Gina Sanchez
No disclosures

For Craig Moffett
No disclosures with wires.