News by Luke Jones on Thursday September 24, 2015.
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Sprint CEO Marcelo Claure has issued the business equivalent of a come and get me plea by telling Reuters on Thursday that the carrier would fare better in the current market if it merged with a cable company. In other words, Claure is saying to cable companies that Sprint is open for business, but the recent purchase of Cablevision means there are not strong acquisitions in the telecommunication industry.That means giants of the telecommunications could be forced to look to wireless companies to buyout if they wish to get bigger. Sprint, which is now the fourth carrier in the United States after losing third place to T-Mobile recently could be a prime target, but then again T-Mobile has also been mooted in such conversations. Claure's admission that Sprint could compete with Verizon and AT&T on a more even footing in a post-merger environment is a clear move to put the company in the shop window. Japanese company SoftBank is the majority owner of Sprint, with 82% of the company after buying the company in 2013 for $21.6 billion. It is unclear whether SoftBank is interested in offloading the company, but Claure?s comments could have cable giants sniffing around.
"It seems like everybody now wants to get into wireless which puts Sprint in a very good position. So I think the next few months or years are going to be very active in this industry. I think it's going to be exciting times ahead in terms of consolidation but we don't have any conversations with anybody."-Marcelo Claure, CEO, Sprint
Luke Jones is the Managing Editor at MobileBurn.com and is the person you need to speak to about the content on the site. Luke studied creative writing at degree level before carving out a reputation as a freelance tech writer. He settled here at MobileBurn, where he reviews devices and contributes to the news, as well as overseeing the site's content and direction.