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Google to sell Motorola handset business to Lenovo Ericsson CEO commits to stay, shares rise despite earnings disappointment Data drives growth for AT&T Mobility; carrier offers cash for new contracts | Mobile Minute: Shares of T-Mobile US (TMUS) are lower today after The Wall Street Journal reported that Sprint executives did not get far when they approached the U.S. Justice Department about a possible merger of Sprint and T-Mobile US. Sprint is majority-owned by Japan’s Softbank and Germany’s Deutsche Telekom owns T-Mobile US. Those two companies are reportedly in talks about merging the #3 and #4 carriers in the United States. The Justice Department blocked AT&T’s attempt to buy T-Mobile US in 2011. At that time officials said that T-Mobile’s presence as an independent entity could keep prices lower for consumers. |
