Analysts say Sprint and T-Mobile are acquisition targets
Following the blast waves produced from AT&T’s announced takeover of Time Warner and all of its media brands, could T-Mobile be the next most appealing target down the line?
CEO John Legere has expressed blatant interest in a buyer before. And with 14 consecutive quarters of subscriber growth and a massive turnaround in cash flow, there’s a chance that the third-largest US cell service provider may be merged into or picked up by a suitor.
Analysts have thumbed Comcast, Dish Network and Mexico-based America Movil as interested parties. You might notice that all of these companies have more to do with tubes (or at least a core business of distribution) than the media.
Sprint also mentioned that it has received calls from potential acquirers this past weekend. CEO Marcelo Claure mentioned that tidbit during his company’s second quarter earnings conference call today.
“Our strategic value to many has significant grown,” Claure said.