Sprint and T-Mobile presented their merger to Congress last week. As far as competition is concerned, they're mostly relying on how they're the third and fourth biggest players, and that they need to compete with AT&T and Verizon. I think this argument is fair regarding trying to compete with AT&T in light of them acquiring Time Warner, but for the most part Verizon has been hurting that argument by… basically not doing anything. Verizon seems to be doing well enough, but it's not bulking up like any of the other major carriers, so the disparity between Sprint/T-Mobile and Verizon is not that significant. Sprint and T-Mobile may need to compete, but as I brought up earlier in this thread, some of the smaller players seem so far behind that this would still significantly reduce competition from three to four.
Comcast is looking for private equities to gain the money to increase their bid for Fox. I know that the general expectation is that both Comcast and Disney will forego business sense for the sake of trying to get Fox, but on the other hand there's people expecting Comcast to drive up the price so Disney has to pay more, which means Comcast may not mind losing Fox, so long as they can force Disney to pay more. But again, this is a ridiculously stupid strategy on Comcast's part, because to drive up the bid in the first place, Comcast has to borrow a lot of money, which is going to put Comcast in even more debt.
Comcast's approach is cutting their nose to spite their face. Comcast is supposedly afraid that if they don't bulk up, someone could try buying them, but if they're going to put themselves in debt losing these bidding wars to Disney, they'll just get bought up anyway. Comcast is rumored to pursue buying Lionsgate instead if they don't get Fox, but depending on how badly they botch this, I'd wonder if they could afford that.
Now, there's still the possibility analysts have proposed where Disney and Comcast could split the assets, with both of them getting their own parts of Fox, or Disney gets Fox as a whole while Comcast gets Sky. I personally don't see that happening, since Disney is apparently too tied up to do that, as it would mean creating a new deal separate from the current agreement between Disney and Fox. It just seems like Comcast's best chance to settle for a compromise, but why would Disney want to compromise with them when Disney has the advantage? Disney is far enough long that they should see this through to the end, provided that both a federal judge ruling and Fox's July 27 vote are in their favor.
If Comcast bids again, I hope it doesn't delay the July 27 vote. Comcast does need its potential considered, though considering how they've been lagging behind since Fox first chose Disney, the vote should not be delayed again just because of Comcast's bid. It should be on Comcast to raise their bid as soon as possible if they want to stay in this, and give Disney plenty of time to counter-bid. The vote was originally scheduled to take place a week from today, and with Disney back in the lead, this is the same situation that Fox's shareholders were already going to be voting on anyway. If Comcast is under pressure to bid again, then this round of the bidding war needs to wrap by the end of the month.
Though really, Comcast should just walk away from Fox and focus on Sky. Fox is a middleman in all of this, and Sky is the real prize.