Sprint, the third biggest wireless carrier in the US, is preparing to buy out its rival T-Mobile, according to a new report from The Wall Street Journal. While a potential deal is a ways off, Sprint is expected to put in its bid in the first half of 2014 and could pay more than $20 billion for its rival. While Sprint, which itself was recently acquired by Japan's Softbank, hasn't officially decided to go forward with such a move, a merger of the third- and fourth-largest wireless carriers could build a company large enough to rival the dominant forces of Verizon and AT&T. At the same time, T-Mobile parent company Deutsche Telecom has been rumored to want to exit the US wireless market entirely for some time — though the company appeared to pull back from that stance after AT&T failed to purchase T-Mobile in 2011. This potential deal could signal a renewed interest in Deutsche Telecom shedding its US wireless business.
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Sprint reportedly preparing bid to purchase T-Mobile in 2014