Sprint (S) has signed new deals with three major Washington, DC lobbying firms as the telecom company seeks to derail a $39 billion merger between AT&T (T) and Deutsche Telekom’s (DTEGY) T-Mobile, according to Politico.
Sprint has picked up help from Thorsen French Advocacy, Franklin Square Group and The Fritts Group, the company confirmed to the paper on Sunday, and is in talks with veteran telecom lawyers at Skadden, Arps, Slate, Meagher & Flom.The firms all have strong connections to Capitol Hill and know the key federal leaders who will determine if and under what conditions AT&T can acquire T-Mobile. If the merger goes through, it would turn AT&T into the nation’s largest wireless provider.
Sprint, based in Overland Park, Kansas, gained 5 cents, or 1.06 percent, to $4.47 at 2:29 p.m. New York time in NYSE trading. Earlier, it rose as high as $4.82. AT&T, based in Dallas, fell 7 cents to $30.24 on the New York Stock Exchange.