There is probably a rumor a day about Google (NASDAQ: GOOG) picked up in the media. The latest one is that the huge search company will buy No. 3 wireless firm Sprint (NYSE: S). Tech industry website TMCNet says that it has heard that Google may just buy Sprint outright.
The story may sound nuts, but there is a tiny chance there is some fact buried in there. Google could certainly use the blueprints of Sprint's WiMax network and fund the $5 billion build-out to create a national wireless high speed network. It would probably be cheaper than bidding for wireless spectrum from the FCC.
And, any deal would give Google access to Sprint's 50 million plus wireless customers. That could offer the new Google handset software a massive distribution advantage.
Is the rumor true? Who knows. It could send Sprint's stock up for a day or two.
Douglas A. McIntyre is a editor at 247wallst.com.
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Reader Comments (Page 1 of 1)
11-12-2007 @ 8:41AM
frank said...
google should buy rimm
11-12-2007 @ 4:31PM
Gumby said...
Sure, only if Google can REFORMAT Sprint of everything old and put in all Google goodies .
11-19-2007 @ 8:53PM
L A Buckley said...
I wish Google would buy T Mobile instead as they would get global GPRS/GSm reach.... (I also hate Sprint)