news


Reports Say Sprint-T-Mobile Deal Will Happen Soon

**Editor’s Note: Which is America’s top wireless network? Click here to see what we discovered.**

That “imminent” merger between Sprint and T-Mobile appears to be a done deal.

The Wall Street Journal late Wednesday reported that the generally agreed upon terms amount to $40 per share. That would bring the acquisition’s total to around $50 billion, including debt, for America’s fourth-largest wireless operator.

The combination of the two companies – the third- and fourth-largest wireless providers in the United States, respectively – would face considerable regulatory scrutiny. AT&T, the second-largest provider, tried to buy T-Mobile more than two years ago, but withdrew the offer when it became evident that regulators were going to block it. The WSJ reports that a Sprint-T-Mobile union faces similar strong opposition, as well as a lengthy antitrust review.

And, if the deal falls through, Sprint would have to pay T-Mobile more than $1 billion in cash and assets, the WSJ said, citing people familiar with the merger.

In terms of other details, T-Mobile’s largest shareholder, Germany’s  Deutsche Telekom AG would keep a stake of 15-20 percent in the combined company, sources told the WSJ.


Leave a comment

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

Polls

In our Channel Influencer Awards digital issue, we highlighted eight technologies ready to "take off" in the channel this year. Which two will take off the most?

View Results

Loading ... Loading ...
The ID is: 88548