05.06.2014 - Sprint and T-Mobile US plan to merge
Telecommunication companies Sprint and T-Mobile US close to agreement on a merger worth about $ 50 billion. The agreement assumes that Sprint will buy T-Mobile for about $ 40 per share, and the transaction can take place in early summer.
In case of success the deal to merge 3 and 4 biggest telecommunications companies in the U.S. will increase competition for such giants like Verizon and AT&T. We are positive about the effect of this step of companies and recommend buying T-Mobile with growth potential by 18-20% in the medium term.