Wednesday, May 18, 2011

RUMOR: CENTURYLINK TO BUY SPRINT IF AT&T/T-MOBILE MERGER APPROVED


In a Congressional appearance last week, Sprint CEO Dan Hesse explained just why his company objects to the proposed $39 billion AT&T and T-Mobile merger. Aside from his previously expressed grievances — that the merger would create a wireless duopoly and stifle competition — Hesse also noted another possible paradigm: the deal could lead to Sprint being bought or acquired as well. “The most likely buyer is CenturyLink, the biggest company in telecommunications without a wireless unit,” writes Bloomberg, quoting industry analysts.

Other potential Sprint buyers on the publication’s post-merger hit-list include Comcast Communications — a company that might be interested in bundling home internet, phone and cable services with wireless offerings. Most analysts agree that a Sprint purchase would come at least two full-quarters after the AT&T and T-Mobile deal has been finalized, although the idea of the Now Network being procured is still very speculative. Representatives from Sprint, CenturyLink, and Comcast all declined to comment on the report.

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