Tuesday, October 2, 2012

Mobile Consolidation is Coming in U.S. Market in 2013, 2014

Raymond James analyst  Ric Prentiss predicts that both Sprint and T-Mobile USA will engage in a rather furious wave of acquisitions in 2013 and 2014 to bulk up.

“We do think M&A in the U.S. wireless space will occur over the next 12 to 18 months," says Pentiss.

“We think the September 19 announcement of the new T- Mobile USA CEO hired externally and the $2.4 billion tower sale to Crown Castle on September 28 are strong indicators that T-Mobile USA, and its owner Deutsche Telekom, are not interested anytime soon in network sharing or merging with Sprint," Prentiss says. 


"We believe T-Mobile is more likely a competing bidder against Sprint for smaller M&A deals that bring spectrum, cash flow, synergies, and the potential for public currency,” he says. 

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