Odds Improving for T-Mobile/Sprint, Macquarie Says
The relatively few petitions asking the FCC to deny T-Mobile’s buy of Sprint (see 1808280038) probably bode well, Macquarie’s Amy Yong told investors Thursday. “Odds of deal approval are rising and attention is now shifting to potential conditions/remedies,” Yong forecast.…
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“The backdrop doesn’t seem to support spectrum or subscriber divestments.” She said AT&T and Verizon, “as expected,” were silent, as were new wireless entrants Comcast and Charter Communications. The cable companies' stance “likely reflects their commitment to their Verizon MVNOs, rather than looking to access New T-Mobile’s network or spectrum assets,” she said. However, Altice had MVNO worries. The deal's harms are "especially potent today as cable operators entering the wireless market using MVNOs are only beginning to offer consumers wireless choice," the operator said.