On Friday, Reuters published an article saying Softbank is planning to approach T-Mobile (TMUS) about a potential merger with Sprint (S) once the anti-collusion period around the pending auctions ends, likely in March. Nomura analyst Jeffrey Kvaal views a potential merger between Sprint and T-Mobile as unlikely given other potential suitors and regulatory hurdles involved. The analyst said a large part of the synergies would be headcount reductions, potentially a difficult proposition in the climate. Further, T-Mobile has publicly criticized both Sprint's capex and cable's MVNO economics in an unlimited data world. In the event of an offer, Kvaal sees a deal price in the range of $70-$75 er share.