“Lead by chief executive Dan Hesse, Sprint has likely been the most vocal opponent of AT&T’s proposed $39 billion T-Mobile USA acquisition,” Zach Epstein reports for BGR.
“The Department of Justice announced last week that it was filing a lawsuit in an attempt to block the deal, and while AT&T was none too happy with the news, Sprint predictably responded by applauding the DOJ’s decision to fight the merger,” Epstein reports. “But even if the merger is blocked, Sprint has arguably already lost to AT&T and Verizon Wireless according to Stifel Nicolaus analyst Christopher King.”
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“‘It essentially maintains the status quo, which, given the results of Sprint over the last couple of years, is not the best place to be,’ King told The New York Times,” Epstein reports.
Read more in the full article here.
[Thanks to MacDailyNews Readers “Fred Mertz” and “Lynn Weiler” for the heads up.]