As eSIM probe goes on, JP Morgan takes odds down for Sprint and T-Mobile merger
As the Department of Justice is investigating AT&T, Verizon and the GSMA for colluding to allow carrier locking with embedded SIMs, Sprint and T-Mobile have reportedly continued to talk about a possible third merger attempt. An analyst from JP Morgan believes that friction will grow with the negotiations.
Philip Cusick wrote in a note obtained by MarketWatch that the overall view of the government agency that carriers are colluding “could mean that a potential Sprint + T-Mobile merger would face higher scrutiny” from regulators. The bank isn’t as confident about a deal going through.