Will Sprint Hand the Baton to T-Mobile USA?
May 3rd 2013 8:00PM
Updated May 3rd 2013 10:00PM
T-Mobile USA had a successful debut on the New York Stock Exchange on Wednesday.
Investors bought into the company that consists of the merged T-Mobile and smaller MetroPCS. Deutsche Telekom will retain a 74% stake in the combined company.
It's good timing. A pair of bidders are making a play for Sprint Nextel , and the market can always use a third public player to keep AT&T and Verizon honest.
T-Mobile USA is losing contract subscribers, and its 43 million combined subscribers is less than Sprint's 55 million. It's also naturally a lot smaller than market leaders AT&T and Verizon Wireless. However, having a company check in every three months is important, even if T-Mobile's financials will be as unimpressive as Sprint's reports have been lately.
In this video, longtime Fool contributor Rick Munarriz explains why it's important to have a third publicly traded wireless carrier for investors to dissect.
The mobile revolution is still in its infancy, but with so many different companies it can be daunting to know how to profit in the space. Fortunately, The Motley Fool has released a free report on mobile named "The Next Trillion-Dollar Revolution" that tells you how. The report describes why this seismic shift will dwarf any other technology revolution seen before it and also names the company at the forefront of the trend. You can access this report today by clicking here -- it's free.
The article Will Sprint Hand the Baton to T-Mobile USA? originally appeared on Fool.com.Longtime Fool contributor Rick Munarriz has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.