Goldman Sachs Is Advising Sprint

As a CEO, if you had the choice of only one investment bank to advise you in an acquisition or divestiture it is undoubtedly Goldman Sachs (GS).  The largest merger deal of the year was AT&T (T) and T-Mobile for $39 bn and Goldman Sachs was not apart of the deal.  Goldman Sachs was absent from the deal for many reasons but advising Sprint (S) is a great excuse. Read more efinancialnews

It also does not appear that Goldman is involved in the $20B AT&T bridge loan financing either as JPMorgan is taking the lead on Mrs. Piggy (AT&T and T-Mobile).  Rightfully so as Goldman’s was the adviser to Sprint which was bidding for T-mobile in the US but lost.  I personally would like to see T-Mobile do an IPO and this is something Goldman could take the lead on if the merger is blocked.  However, Sprint could also be an acquisition target by Google who could be very disruptive creative free wireless by subsiding broadband access through advertising.  I wouldn't would love to see Google acquire a telecom company which would be very disruptive to the old guard AT&T and Verizon.

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