Sprint, T-Mo­bile jump on re­port Google to use their net­works

The Pak Banker - - COMPANIES/BOSS -

NEW YORK: Sprint Corp and T-Mo­bile US Inc. rose after a re­port that Google Inc is pre­par­ing to sell mo­bile­phone ser­vice via the two car­ri­ers' wire­less net­works. Google is work­ing on deals to buy ac­cess to Sprint's and TMo­bile's voice and data net­works so that it can sell plans di­rectly to con­sumers, The In­for­ma­tion re­ported, cit­ing peo­ple with knowl­edge of the plans. The deals would make Google a mo­bile vir­tual net­work op­er­a­tor, known as an MVNO. Sprint jumped 5.5 per­cent to $4.39, the big­gest gain since Sept. 12. T-Mo­bile rose 1.8 per­cent to $30.08, the high­est clos­ing price since Sept. 18.

Be­com­ing an MVNO would re­quire Google to man­age hard­ware sales to con­sumers and com­pete with the car­ri­ers that sell and pro­mote the company's An­droid mo­bile-phone de­vices. A Google deal to be­come an MVNO could be a big over­haul for the U.S. wire­less mar­ket.

Sprint and T-Mo­bile are dis­tant third- and fourth-place com­peti­tors to Ver­i­zon Com­mu­ni­ca­tions Inc. and AT&T Inc. Tracfone Wire­less Inc., a U.S. unit of Amer­ica Movil SAB, is one of the more suc­cess­ful MVNOs, sell­ing ser­vice from all four ma­jor wire­less car­ri­ers.

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