Report: Sprint Close to Purchasing T-Mobile US, Deal to be Announced in July
June 4, 2014 7:35 PM
comment(s) - last by
Bloomberg says the deal will be valued at $40/share
Just when T-Mobile is knee-deep in forcing the wireless industry leaders (namely
copycat nearly every initiative that it implements
, we’re hearing word that third-place Sprint is
inching even closer to acquiring the company
. A new report from
states that Sprint Corp. has nearly come to a decision on the final purchase price for T-Mobile US, and is zeroing on a valuation of $40/share.
The deal will reportedly comprise of 50 percent stock and 50 percent cash, while parent company Deutsche Telekom AG will retain a 15 percent stake in marriage.
acquired Sprint last year for $21.6 billion
(it holds an 80 percent stake in the company), and this upcoming Sprint deal is reportedly valued at around $41 billion. It was reported in late April that Softbank approached Goldman Sachs Group Inc., Citigroup Inc., JPMorgan Chase & Comp., Mizuho Financial Group Inc., Bank of America Corp., and Deutsche Bank to secure financing for the acquisition.
T-Mobile CEO John Legere, seen here in the black leather jacket. [Image Source: T-Mobile USA]
, the merger will be officially announced next month.
One of the big decisions that has yet to be made is who will lead the combined company, but we’re hoping that T-Mobile’s animated
CEO John Legere
gets the nod.
This article is over a month old, voting and posting comments is disabled
RE: No. NO
6/4/2014 9:20:10 PM
If AT&T wasn't allowed to buy T-Mobile, then neither should Sprint! Because of competition, my cellular phone bill has dropped significantly recently. I fear that if competition decreases than my bill will increase.
RE: No. NO
6/4/2014 9:37:48 PM
AT&T is at a completely different level than Sprint. As a T-Mobile customer I do have my concerns however considering the far superior HSPA+ and LTE network T-Mobile has in comparison to Sprint, I believe that Softbank will realize that T-Mobile's aggressive marketing and pricing scheme will be the one to go with.
"You can bet that Sony built a long-term business plan about being successful in Japan and that business plan is crumbling." -- Peter Moore, 24 hours before his Microsoft resignation
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