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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.
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May 18 2018 @ 20:40:07 UTC