Analysts Cautiously Optimistic About T-Mo/Sprint Merger Chances
T-Mobile and Sprint will be providing investors with an update on their efforts to merge on Wednesday morning, before trading begins, with Wells Fargo analysts being cautiously optimistic about their chances of eventually having the consolidation approved. Due to a general lack of major, highly concentrated opposition, the company's industry watchers gave the tie-up a 60-percent chance of going through, marking the first occasion on which a major financial institution in the country made a non-neutral prediction on the outcome of the proposed deal valued at some $26.5 billion. Sprint and T-Mobile will provide their shareholders with an update on the situation as part of their consolidated financial reports for the second quarter of the year, with both being scheduled to publish them tomorrow. The merger is also likely to be one of the main topics of their subsequent earnings calls, with investors and analysts being expected to push the two wireless carriers on their expectations...