US-based T-Mobile unit, part of Deutsche Telekom, has begun to look like Sprint. The No.4 wireless carrier in the US, has found it barely survive in a race dominated by AT&T (NYSE: T) and Verizon Wireless. The Germany parent hoped to exit the US when AT&T offered to buy T-Mobile for $39 billion.
The federal government blocked the plan. T-Mobile will lay off 5% of its work force. That will not be the end of it. Even larger rival Sprint-Nextel (NYSE: S) has been targeted as a candidate for Chapter 11. It has debt problems that T-Mobile does not. However, scale has become essential in a US market in which the total number of wireless subscribers is not growing any more and firms must steal one another’s’ customers, and T-Mobile has the least scale of all.
Credit Card Companies Are Doing Something Nuts
Credit card companies are at war. The biggest issuers are handing out free rewards and benefits to win the best customers.
It’s possible to find cards paying unlimited 1.5%, 2%, and even more today. That’s free money for qualified borrowers, and the type of thing that would be crazy to pass up. Those rewards can add up to thousands of dollars every year in free money, and include other benefits as well.
We’ve assembled some of the best credit cards for users today. Don’t miss these offers because they won’t be this good forever.
Flywheel Publishing has partnered with CardRatings for our coverage of credit card products. Flywheel Publishing and CardRatings may receive a commission from card issuers.
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