Shares Spike as Acquisition Rumors Swirl for 1 U.S. Telecom
In the video segment above, Fool.com analyst Andrew Tonner discusses news that Japanese conglomerate SoftBank is in advanced talks to acquire Sprint (NYS: S) . The additional financial backing could be crucial for the telecom-industry underdog as it attempts to compete with frontrunners AT&T (NYS: T) and Verizon (NYS: VZ) . Sprint is not alone in this regard, as many of the smaller wireless companies could benefit from the added strength of a partnership as well. With last week's T-Mobile/MetroPCS (NYS: PCS) merger, it appears that the U.S. telecom industry may indeed be entering into a consolidation phase.
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The article Shares Spike as Acquisition Rumors Swirl for 1 U.S. Telecom originally appeared on Fool.com.Andrew Tonner has no positions in the stocks mentioned above. Brendan Byrnes has no positions in the stocks mentioned above. The Motley Fool has no positions in the stocks mentioned above. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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