This site is part of the Global Exhibitions Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 3099067.

Informa

Reports Say Sprint-T-Mobile Deal Will Happen Soon

June 04, 2014 - News
Comments

**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.

Comments
comments powered by Disqus
Related News
News
The partnership aims to spread the Green House Data brand IT infrastructure to a vast network
News
Craig Galbraith
News
With support for up to 512 users, the SCM Compact comes with the features SMBs rely on for advanced
Article