Is there really reason to get hopes up for another T-Mobile takeover?

Short answer: not necessarily right now, but there may be a shifting of the needle. Let’s take it back to the situation T-Mobile has been in, trying to hitch itself up with an acquisition here, a merger there and all the huff and puff its bigger competitors, Verizon and now AT&T, can pull off with a TV provider attached. Let’s just say that a new TV player has entered the market and a new limb for T-Mobile to jump onto has grown.

Netherlands-based European telecom provider Altice has purchased New York’s Cablevision for $17.7 billion. Patrick Drahi, chairman of Altice, has been recorded at the Goldman Sachs Communacopia conference going on as of this post expressing interest in a move into the cellular industry — possibly even buying a network. That move, though, may not come in the near-term.

US cable providers Charter and Time Warner are also in the process of merging and one of their shareholders, billionaire telecom exec John C. Malone, has also eyed the resulting company going mobile as well.

One analyst at BTIG says that in a marketplace where AT&T merges with DirecTV, morphing TV conglomerates could be eyeing T-Mobile for their own leg up. A MoffettNathanson analyst, though, says that given the limited reach Altice, née Cablevision has in the country (markets in the New York City metropolitan area and College Station, Texas), the company might not have enough competitive clout to bring about a services bundle that includes wireless.

T-Mobile CEO John Legere openly welcomed any deal with a telco in his Q2 conference call. We could even go as far to say that he eagerly awaits an offer.

Source: FierceWireless
Via: PhoneArena

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About The Author
Jules Wang
Jules Wang is News Editor for Pocketnow and one of the hosts of the Pocketnow Weekly Podcast. He came onto the team in 2014 as an intern editing and producing videos and the podcast while he was studying journalism at Emerson College. He graduated the year after and entered into his current position at Pocketnow, full-time.