BT to acquire Sprint?

Even though this should be filed under “highly unlikely,” it’s interesting to note how investor and analysts are thinking that something needs to be changed inside the US’ number three carrier. Earlier in July, we’ve had similar rumor involving Korean SK Telecom (NYSE: SKM) as a potential acquirer of Sprint (NYSE: S)/Nextel, and now it’s British BT Group who emerged in the same role.

There’s no doubt Sprint could use a solid partner to pursue its WiMAX plans, it’s just that we don’t see neither BT nor SK Telecom filling those shoes. Too bad we didn’t knew this rumor us coming, otherwise we would buy Sprint’s stock which rose over 3.5 percent reacting to the speculation.

[Via: Reuters]