On T-Mobile/Sprint All Eyes Are on DOJ, Wells Fargo Says
Wells Fargo’s Jennifer Fritzsche said she traveled with the T-Mobile investor relations team Thursday and remains positive on the approval of the carrier’s takeover of Sprint. T-Mobile’s momentum seems to be carrying into this quarter and the “focus of the…
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conversations” with the team was more on what the companies would do together rather “Plan B for a stand-alone” T-Mobile, she emailed investors Friday. “All eyes now watch the DOJ,” she said. “While we are encouraged there has not been any unexpected curveballs from the DOJ thus far, the DOJ is very much a walled garden, in our view. Stating the obvious the DOJ has surprised us before.”