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An offer from Sprint would leave U.S. wireless market dominated by three companies, raising possible antitrust concerns
SAN FRANCISCO -- T-Mobile US shares jumped in late trading Friday after the Wall Street Journal reported that Sprint is preparing a big for its wireless network rival.
A Sprint acquisition of T-Mobile would leave the U.S. wireless market dominated by three companies, AT&T, Verizon and Sprint. An offer from Sprint would test U.S. regulators' willingness to allow such concentration, the WSJ said.
Sprint is studying regulatory concerns and could launch a bid in the first half of next year, the newspaper added, citing unidentified people familiar with the matter.
T-Mobile US shares gained more than 8% to $27.50 after the report. Sprint shares also climbed on the news.
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