Sprint’s chairman said Wednesday that the company is ready to consider a merger, purchase or sale but is in no hurry to strike a deal.
Masayoshi Son’s comments came less than a week after a federal ban on strategic talks among telecommunications companies ended.
“We can be self-sufficient so we are not in a rush,” Son told analysts during a conference call after Overland Park, Kansas-based Sprint released its year-end financial results and latest customer counts. The call ended a but sooner than Son had wanted, with the chairman being cut off at the end of the session.
In its latest customer counts, Sprint reported adding high-value phone subscribers and month-to-month customers in the first three months of this year while trimming its financial losses compared with a year ago.
Sprint CEO Marcelo Claure said company leaders hadn’t even started talking to the potential suitors. He also hesitated to speculate on the potential outcome of a merger, noting that some would present a higher regulatory risk and that other combinations would stand a better chance of approval.