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Brier Dudley's blog

Brier Dudley offers a critical look at technology and business issues affecting the Northwest.

December 9, 2009 at 11:23 AM

Analyst: Sprint & T-Mobile to merge

Citigroup analyst Michael Rollins said Sprint Nextel is likely to merge with Bellevue-based T-Mobile USA next year, driving a surge in Sprint’s stock today, according to a Bloomberg News report.

Rollins said there’s a 55 percent chance Sprint will merge with T-Mobile and raised his rating on Sprint to “buy” from “hold.”

If that’s the case, I’ll bet there’s a 55 percent chance the combined company takes a bigger share of Kirkland-based Clearwire, which is already part owned by Sprint and talking to T-Mobile about 4G services.

Sprint climbed up to 13 percent today but it was up 6 percent to $4.16 and Clearwire’s down 0.7 percent at $5.70 at last check.

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