sprinttmobileBack in December, it was reported that Sprint -- the U.S.'s third-largest cell carrier -- was preparing a bid to acquire T-Mobile, the country's fourth-largest carrier. The deal, depending on the stake Sprint attempts to buy, could be worth more than $20 billion.

Recently, a pair of Sprint board members met with the U.S. Department of Justice to discuss a possible acquisition, reports The Wall Street Journal. The report says the DoJ has concerns over a potential deal.

The conversation, which occurred in January, signals the seriousness of Mr. Son's interest in a deal, but also underscores his highest hurdle. U.S. antitrust authorities believe the current lineup of four national carriers is important to maintaining a competitive market, and department officials indicated at the meeting that a deal combining Sprint and T-Mobile could face regulatory difficulties, the people said

According to the WSJ, Sprint has lined up roughly $31 billion in potential financing and the company is not deterred from pursuing an acquisition.

Japanese carrier Softbank purchased a 70 percent controlling interest in Sprint back in 2012 for roughly $20 billion. T-Mobile is majority owned by German telecom giant Deutsche Telekom.

Previously, AT&T attempted to acquire T-Mobile but government intervention prevented the deal from concluding. Since then, the companies have had a growing feud as they launch ever escalating marketing efforts in an attempt to poach each other's customers.

Top Rated Comments

wordoflife Avatar
95 months ago
Sprint has shown time and time again how incompetent they are. T-Mobile is actually doing well and growing at an extremely fast rate. Would hate to see Sprint get ahold of T-Mobile.

AT&T and Sprint would not be doing some of the things they are doing right now if it were not for T-Mobile's Uncarrier. Verizon will probably follow up soon with something.
Score: 13 Votes (Like | Disagree)
kazmac Avatar
95 months ago
Good

4 companies are better than three. And I'd hate to see Sprint get T-Mobile.
Score: 10 Votes (Like | Disagree)
Tiger8 Avatar
95 months ago
Shut up, Sprint!

So Sprint cried like a baby when AT&T was to accuire T-Mo, and now they want to accuire T-Mo themselves?

Also, how many incompatible technolgies can Sprint take?

First they accuired Nextell which cost them billions of dollars in loses, then they accuire ClearWire (again, after letting go of it) and they kill it and will be phasing out its WiMax, and now a GSM carrier? Are you kidding me?
Score: 7 Votes (Like | Disagree)
1080p Avatar
95 months ago
I hope a deal can be reached! :D

You like high priced wireless service?
Score: 6 Votes (Like | Disagree)
OrangeSVTguy Avatar
95 months ago
We need as many as companies as possible. All these acquisitions of bigger companies eating up these little companies isn't leaveing much of a choice for consumers.

This country doesn't need a single Monoply for wireless service.
Score: 4 Votes (Like | Disagree)
DJsteveSD Avatar
95 months ago
The justice dept doesn't like this merger but they let the AA/US Air one go through. hello higher airline tickets!
Score: 3 Votes (Like | Disagree)

Top Stories

2021 mbp hdmi slot 3d

2021 MacBook Pro Leaks Confirm Returning MagSafe and Ports

Friday May 14, 2021 3:06 am PDT by
Apple's upcoming MacBook Pro models are expected to feature a number of major changes such as larger display options and powerful new Apple silicon chips. Among the more surprising updates to this year's MacBook Pro models is the return of three ports that have been missing from the machines for over five years. Expected to come in 14- and 16-inch sizes, the 2021 MacBook Pro models are...
General Music and AirPod 3 Feature

Rumor: Apple to Announce Third-Generation AirPods and HiFi Apple Music Tier on May 18

Thursday May 13, 2021 10:32 pm PDT by
A new rumor suggests that Apple will announce the third-generation AirPods and the recently rumored HiFi, or high-fidelity Apple Music tier, on Tuesday, May 18, via a press release on its website. The new rumor comes from Apple YouTuber Luke Miani who shared the alleged exclusive news with the AppleTrack website. According to the YouTuber, Apple plans to release the next-generation AirPods...
m1 ipad pro early customer

M1 iPad Pro Arrives Early for Lucky Customer

Saturday May 15, 2021 11:57 pm PDT by
Days ahead of their expected launch and seemingly before official review embargoes lift, one lucky customer has already gotten their hands on the brand new 12.9-inch M1 iPad Pro. Reddit User PeterDragon50 Posted on Reddit, u/PeterDragon50 has already received their 12.9-inch iPad Pro through retailer Nebraska Furniture Mart. The Reddit user says they placed their order when pre-orders...
Twitter Feature

Twitter's 'Blue' Subscription Service May Cost $2.99, Will Offer Undo Tweet Option

Saturday May 15, 2021 11:08 am PDT by
Twitter has been working on some kind of subscription service since last summer, and Jane Manchun Wong, who often digs into new features coming in apps, has shared details on just what Twitter is exploring. Twitter's subscription service could be called Twitter Blue, and at the current time, it's priced at $2.99 per month. There will be a "Collections" section that allows users to save and...
magic mouse space gray discontinued

Apple Discontinuing Space Gray Mac Accessories Now That iMac Pro is Dead

Friday May 14, 2021 11:52 am PDT by
Following the discontinuation of the iMac Pro, Apple also appears to be discontinuing Space Gray "Magic" accessories that it sold separately alongside the iMac Pro. The iMac Pro was the only Space Gray Mac, and Apple designed special matching accessories for it. The Space Gray Magic Mouse 2, Magic Keyboard, and Magic Trackpad all now say "While supplies last" in small wording at the bottom...
tile amazon sidewalk integration

Apple Says Tile Trackers Sold Poorly in Apple Stores

Friday May 14, 2021 4:53 am PDT by
Earlier last month, Spotify, Tile, and Match (owner of Tinder), testified at an app store antitrust hearing spearheaded by the U.S. Senate. During the hearing, Spotify called Apple's App Store "an abusive power grab," while Tile said Apple uses its platform to "unfairly limit competition for its products." Now, in response to their testimonies, Apple's vice president and chief compliance...
apple music change forever

Apple Music Teaser: 'Get Ready – Music is About to Change Forever'

Sunday May 16, 2021 2:39 pm PDT by
The Browse tab in the Music app across Apple's platforms has started displaying a prominent teaser hinting at an upcoming major announcement for Apple Music. Under the heading "Coming soon," the headline says "Get ready – music is about to change forever." An accompanying "Tune-In Video" simply shows an animated Apple Music logo. Rumors have indicated that Apple is preparing to launch a...
Top Stories 60 Feature

Top Stories: M1 iMac Benchmarks, iPhone Battery Life Tips, Colorful MacBook Air?

Saturday May 15, 2021 6:00 am PDT by
Anticipation is building for the new iMac and iPad Pro models, which have started shipping out ahead of a launch around May 21. Benchmarks for the new machines are starting to come in, and the M1 chips inside of them are registering at around the same figures seen with other M1-based Macs, making for significant upgrades over previous-generation models. This week also saw some rumors about...
syng cell alpha

Longtime Apple Designer Christopher Stringer's Latest Project Is a High-Fidelity Speaker With AirPlay 2

Friday May 14, 2021 7:30 am PDT by
Christopher Stringer, a key member of Jony Ive's design team who spent 21 years at Apple before departing in 2017, is resurfacing today with his new venture Syng, which seeks to make an impact in the high-end audio market. Stringer, who contributed to many of the most iconic product designs in Apple's history, announced his plans roughly a year ago, and Syng is today introducing its flagship ...
google photos

PSA: Google Photos Unlimited Storage Ends Next Month, Here's How to Export Your Pictures to iCloud

Thursday May 13, 2021 5:26 am PDT by
For as long as it's existed, Google Photos has offered free unlimited storage for uploading images at a reduced yet good enough quality for most users. From June 1, 2021, however, all photos and videos uploaded to Google accounts will count against users' cloud storage. If you've been relying on Google to back up your media library, it may be time to move that content elsewhere. This article...