Report: Sprint Close to Purchasing T-Mobile US, Deal to be Announced in July
June 4, 2014 7:35 PM
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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.
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RE: How does the merger work?
6/6/2014 7:27:26 AM
Outside of Boston, I've seen T-Mo have more coverage than Verizon. Hell, the last two places I've lived were in "metro" areas and Verizon had no coverage, but T-Mo and AT&T were full (All the while Verizon's "coverage" map would lead you to believe there was good service).
T-Mo has been building their network out too, I've noticed much more LTE driving up through NH as of late.
I sincerely hope T-Mo becomes the governing body in this merger. I would hate to see what Sprint would do with T-Mo....
"I modded down, down, down, and the flames went higher." -- Sven Olsen
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