Transcript for Sprint Looks to Acquire T-Mobile in $32 Billion Deal
As word this morning of another mega merger of the company's third and fourth largest wireless carriers looking to join forces sprint and T-Mobile appear to be closing in on a 32 billion dollar deal. ABC's Josh Haskell tells us where -- -- It's been rumored for months but now appears to deal was in place for sprint to buy T-Mobile. An estimated 32 billion dollar merger that could make the wireless industry more competitive. Anybody AT&T and Verizon -- Almost the same number of customers in the -- combined sprint and T-Mobile. They're going to have almost as many customers -- going to be powerful number three competitor. According to the research firm strategy analytics in the third quarter of 2013. Verizon had a 119. Million subscribers. AT&T a hundred in nine million. Then sprint with 54 million -- T-Mobile at 45 -- Although merger between AT&T and T-Mobile was blocked in 2011. Kagan says the marketplace today is very different with talks of a Comcast Time Warner merger. And an AT&T DirecTV merger. -- any. All the -- on the table. However feeling that the regulators are going to approve. Won't. And that's been transformed emails which could mean lower prices for subscribers. Better coverage and increased innovation. Sprint and T-Mobile had yet to comment on the deal. But as they continue to trail Verizon and AT&T by over a hundred million combined subscribers. Joining forces may be the most effective weight. To shrink that gap. Josh Haskell ABC news New York.
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