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Despite all the speculation that T-Mobile and Sprint will give a merger another go under the Trump administration, T-Mobile CFO Braxton Carter indicated this week that joining forces with a cable company is a better strategy.

Speaking at a Deutsche Bank investor conference, Fortune reports that Braxton talked up the benefits of wireless-cable convergence, including "amazing monetization opportunities":

I really think it's a question of when, not if...How do you really create that national scale that's really important? I think that's why eventually we'll get to the point where convergence will become a reality. — T-Mobile CFO Braxton Carter

Between the lines: Softbank Group founder Masayoshi Son, who owns a majority stake in Sprint, is very eager to get a deal done three years after his last attempt was scuttled by regulators. While the regulatory environment has changed with the new administration, Carter said it's not a slam dunk, and any potential transaction would need to include a hefty break-up fee if it ended up being blocked—a major downside to T-Mobile, which knows a thing or two about break-up fees.

Go deeper

52 mins ago - World

Pentagon warns of ISIS-K capabilities outside Afghanistan

The site of an airstrike conducted by the U.S. against a planner for ISIS-K in Nangarhar province, Afghanistan in August. Photo: Xinhua via Getty Images

U.S. intelligence believes ISIS-K has the "intent" to eventually launch attacks outside of Afghanistan and could be capable of doing so "somewhere between six or 12 months," a top Pentagon official told senators Tuesday.

Why it matters: The U.S. withdrawal and subsequent Taliban takeover of Afghanistan has raised fears that terrorist groups will reconstitute and potentially pose a renewed threat to the U.S. homeland.

Exclusive: Billionaires back new media firm to combat disinformation

Illustration: Aïda Amer/Axios

A new public benefit corporation backed by billionaires Reid Hoffman, George Soros, and others is launching Tuesday to fund new media companies and efforts that tackle disinformation.

Why it matters: Good Information Inc. aims to fund and scale businesses that cut through echo chambers with fact-based information. As part of its mission, it plans to invest in local news companies.

Dan Primack, author of Pro Rata
2 hours ago - Economy & Business

Scoop: Sequoia Capital just blew up the VC fund model

Illustration: Aïda Amer/Axios

Sequoia Capital, one of the world's oldest and most successful venture capital firms, is forming a single fund to hold all of its U.S. and European investments, including stakes in publicly-traded companies, Axios has learned.

Why it matters: Venture capital is the money of innovation, but the industry itself rarely innovates. This is a radical exception.