Wells Fargo: Combined T-Mobile/Sprint would top AT&T and become second largest U.S. carrier

AT&T better watch out, because one single act could leapfrog T-Mobile over AT&T to become the nation's second largest carrier. That one act would be the acquisition of Sprint by John Legere and crew. Wall Street securities firm Wells Fargo sees T-Mobile doing the buying in such a deal, a change from the firm's last report on the subject last December in which it predicted that Sprint would buy out T-Mobile.

The analysts' involved in the report said that T-Mobile will pay $10.84 a share for Sprint, which works out to a 27% premium over the current price of $8.55. Why would T-Mobile ...