Thursday, September 13, 2012

Sprint Must Disclose iPhone Effect In AT&T Case, Says Bloomberg

Bloomberg’s Tom Schoenberg this morning reports that Sprint-Nextel (S), which is opposing AT&T’s (T) proposed takeover of Deutsche Telekom’s T-Mobile USA unit, has been ordered to turn over documents concerning whether its sales of Apple’s (AAPL) iPhone have had any impact on Sprint’s relevant market share.

Sprint started selling the iPhone for the first time on October 14th, which Sprint said was its best day on record for combined retail and online and telesales of any device. Sprint gained a partial victory against AT&T on November 3rd, when the U.S. District Court for the District of Columbia allowed the case to proceed, albeit ruling out certain parts of Sprint’s claim against AT&T.

Sprint shares are up 4 cents, or 1%, at $2.90, while AT&T’s shares are up 13 cents, or half a percent, at $29.29.

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