- Sprint (S +1%) CEO Marcelo Claure today sounded his note in the recently well-tuned chorus at Sprint and T-Mobile (TMUS +1.3%) talking about the great benefits of a merger and the many synergies to be realized.
- Speaking at eMerge Americas, Claure says "We're in a great position today." T-Mobile is an "important" option among the strategic options because of "enormous" synergies, but there's also other players, he says, alluding to cable companies' wireless ambitions.
- But T-Mobile would still be plan A. "My largest shareholder, Masa (Son of SoftBank (SFTBY -1.2%)), has made it very public that he believes a potential combination with T-Mobile would be great," Claure says. "The Deutsche Telekom (DE:DTEGn) (DTEGY -0.8%) CEO, Tim (Hoettges) has also made it very public; my competitor John Legere (CEO of T-Mobile) has made it very public; and I've made it very public."
- "Today you have two mavericks attacking the market ... imagine if you have a supercharged maverick now going after AT&T (T +0.7%) and Verizon (VZ +1%) to stop this duopoly."
- Does Sprint's turnaround depend upon some kind of merger, Melissa Lee asks? "We're in a really really good place," Claure says, pointing to doubled EBITDA and arresting a heavy cash burn. "However, when you look at a potential combination, this is a scale game ... we have half the amount of customers of Verizon and AT&T," and a T-Mobile combination would make the combo more AT&T-sized.
- Now read: Markets Unpredictable? Here's How To Invest With Confidence
Original article
3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or
remove ads
.