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Telecom Consolidation Is Coming: JP Morgan

The telecom playing field may be about to shift big time under the Trump administration’s deregulation orientation, and at the nexus of change is T-Mobile. JP Morgan Securities’ Philip Cusick believes there’s now a 90 percent chance that the magenta carrier will either merge with Sprint or be snapped up by a cable company, Dish Network or an offshore entity within the next five years. A Sprint deal would make the most sense, the analyst said— and could be the most likely following a $50 billion U.S. investment pledge by the CEO of corporate parent Softbank to then President-elect Trump.

“U.S. telecom sector could be on the brink of a major consolidation under President Donald Trump’s likely more merger-friendly administration, said JP Morgan Securities, which now sees a 90 percent chance of T-Mobile US being involved in a strategic transaction in the next five years.”

Read More at CNBC