Boston, MA 06/25/2014 (wallstreetpr) – Sprint Corporation (NYSE:S), which plotting a merger with rival T-Mobile US Inc (NYSE:TMUS), will be represented by its Chief Executive Officer Dan Hesse at the Leading an Organization Through Change address at Fort Leonard Wood, Missouri, next month.
The address will be part of the U.S. Army Engineering School guest speaker program, and it will take place at the Lincoln Hall Auditorium where members of the public will be allowed to participate for free as long as they show their personal ID. The event will take place on July 8.
Hesse is credited with helping Sprint Corporation (NYSE:S) through recovery after its merger with Nextel Partners and subsequent deal with SoftBank that increased its stake in the company to 80 percent. The company is presently pursuing growth from all fronts. In addition to network upgrade and expansion, the company is also seeking a deal with the smaller rival T-Mobile. The companies are seeking to combine forces so that they can effectively compete against bigger rivals AT&T Inc (NYSE:T) and Verizon Communications Inc (NYSE:VZ).
The upcoming address by Hesse will possibly offer some important insight to investors about the company’s plans, of which T-Mobile deal will likely come into focus.
Driving down costs
According to the officials of Sprint Corporation (NYSE:S) and T-Mobile, the combined company between the two carriers will have the added advantage to compete effectively with the leading rivals. Moreover, the merger will enable the companies to improve the quality of their services such as Internet speeds while supporting cost-reduction on the same. As such, the companies believe their merger is in the best interest of the consumers.
Regulatory challenge
Nonetheless, the fact that the merger will lead to a reduction in the number of top players in the telecom industry may mean that consumers will experience reduced choices, and that has the potential of triggering a rejection of the proposal by the regulators. As a matter of fact, regulators have often sought to maintain four top carriers in the U.S. telecom industry. That explains why AT&T Inc failed in its bid for T-Mobile in the past year.
Regulatory concerns aside, Sprint Corporation (NYSE:S) is putting its best foot forward to create big returns for the investors through a combination of innovative approaches in marketing techniques and product rollout.
