September 1, 2014

WSJ: Sprint chairman, CEO want to meet with FCC

sprint_hesse

Sprint chairman Masayoshi Son and CEO Dan Hesse are expected to meet with the FCC this week to discuss the potential for a T-Mobile acquisition. The rumors of such a deal, as some know,  have been circulating for more than a few months. As to why the duo want to meet with the government, the WSJ says it’s to convince the FCC that it’s better for consumer interest. According to a source, the chairman wants to argue that this would create a real competitor to Verizon and AT&T.

The meeting will cover a range of issues and wasn’t called to discuss a specific transaction…

…yeah, right.

Sprint and T-Mobile are said to be working on a deal which could range from $20 billion to as high as $50 billion. That is, of course, if the U.S. government doesn’t shoot it down first.

Wall Street Journal