Sprint looking to bid for T-Mobile according to WSJ

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According to a report from The Wall Street Journal, Sprint is working on a possible bid for T-Mobile as we speak. Even though the deal might not be finalized anytime soon, they are expected to make a move until the second half of next year. T-mobile is one of Sprint’s wireless network rivals of course, so if they somehow manage to take them off the market, there will be a lot for Sprint to gain as a result.

In order for the deal to prove profitable in the long run, Sprint is going to have to pay a sum they are comfortable with. This sum is believed to be around $20 billion, which might seem like a lot of money. However, with T-Mobile out of the way, Sprint will take over T-Mobile’s coverage of the market, which will seriously increase their profit margin.

At the moment, T-Mobile is owned by Deutsche Telekom, a company that might actually be keen on selling if te price is right. This being said, if the offer is to good to turn down, anything can happen. T-Mobile has gained a lot of popularity lately after introducing a system that allows people to forgo annual service contracts. Even so, Deutsche Telekom might actually be looking for a way out of the U.S. market according to rumors, as they consider it to be too competitive for their taste.