We Need A Telecom Oligopoly – And A New Anti-Trust Framework
(3 min read)
Much to Mr. Market’s surprise and delight, a federal judge signed off on T-Mobile (TMUS) and Sprint’s merger plans on Tuesday. Sprint’s stock price rocketed 80% on the news. Probably no one is more thrilled than Softbank’s head, Masayoshi Son. He can now wiggle free of what has proved to be nothing less than an albatross about his neck, walking away with a gain on his $20bn investment in Sprint, compared with the prospect of losing it all plus potentially dealing with $39bn in debt if the deal wasn’t approved.
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