Flickr cc

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

Updated 1 hour ago - Politics & Policy

Coronavirus dashboard

Illustration: Eniola Odetunde/Axios

  1. Global: Total confirmed cases as of 11 a.m. ET: 34,026,003 — Total deaths: 1,015,107 — Total recoveries: 23,680,268Map.
  2. U.S.: Total confirmed cases as of 11 a.m. ET: 7,237,043 — Total deaths: 207,008 — Total recoveries: 2,840,688 — Total tests: 103,939,667Map.
  3. Health: New poll shows alarming coronavirus vaccine skepticism — New research centers will study "long-haul" COVID — Coronavirus infections rise in 25 states.
  4. Business: Remdesivir is good business for Gilead.
  5. Transportation: The politics of pandemic driving.
  6. 🎧Podcast: The looming second wave of airline layoffs.
2 hours ago - Technology

Senate panel votes to subpoena Big Tech CEOs

Photo: Graeme Jennings/Pool via Getty Images

The Senate Commerce Committee has voted to authorize subpoenas compelling Facebook CEO Mark Zuckerberg, Twitter CEO Jack Dorsey and Google CEO Sundar Pichai to testify before the panel.

Why it matters: The tech giants are yet again facing a potential grilling on Capitol Hill sometime before the end of the year, at a time when tech is being used as a punching bag from both the left and right.

Trump administration cuts refugee cap to new record low

Photo: Mandel Ngan/AFP via Getty Images

The Trump administration plans to only admit a maximum of 15,000 refugees this fiscal year, the State Department said in a release late Wednesday evening.

Why it matters: This is yet another record-low refugee cap. Before leaving office, President Obama set the refugee limit at 110,000 for fiscal year 2017 — a number Trump has continued to slash throughout his presidency.