Softbank Willing To Cede Control Of Sprint To Deutsche Telekom To Merge With T-Mobile.

most viewed right now
 56
Video inside What the Bible Doesn't Say - Why I don't believe in God
83 comments
@wild'ish
most viewed right now
 44
This video realer than any 90s NY hippity hop video
12 comments
@hiphop
most viewed right now
 39
Image(s) inside Sexiest Indian I've ever seen
47 comments
@thotsdimesetc
most viewed right now
 34
Image(s) inside Artist Draws What life Is Like For a Socially Awkward Person
23 comments
@wild'ish

section   (0 bx goons and 1 bystanders) Share this on Twitter   Share this on Facebook
 

Props Slaps
 3 months ago '06        #1
470 pageviews
4 comments


Yung Dilla 1448 heat pts1448
space
avatar space
space
$52,696 | Props total: 16247 16247
Softbank Willing To Cede Control Of Sprint To Deutsche Telekom To Merge With T-Mobile.
 

 
Japan's SoftBank Group is prepared to give up control of Sprint to Deutsche Telekom's T-Mobile to clinch a merger of the two U.S. wireless carriers, according to people familiar with the matter.
Sprint shares were up more than 3.5 percent on Friday afternoon, while T-Mobile shares were up more than 4 percent.

SoftBank has not yet approached Deutsche Telekom to discuss any deal because the U.S. Federal Communications Commission has imposed strict anti-collusion rules that ban discussions between rivals during an ongoing auction of airwaves.

After the auction ends in April, the two parties are expected to begin negotiations, the sources told Reuters this week.

Two and a half years ago, SoftBank abandoned talks to acquire T-Mobile for Sprint amid opposition from U.S. antitrust regulators. That deal would have seen Deutsche Telekom retain a minority stake in T-Mobile, down from about 65 percent.

Deutsche Telekom Chief Executive Tim Hoettges has said in recent months that the German company is no longer willing to part with T-Mobile, prompting SoftBank to explore a new strategy to achieve a potential combination, the people said.

SoftBank, which owns about 83 percent of Sprint, has been frustrated with its inability to grow significantly in the United States on its own, where both Sprint and T-Mobile have struggled to compete with Verizon Communications Inc and AT&T Inc, the two largest U.S. carriers with much deeper pockets.

Investors have said a merger between T-Mobile and Sprint, ranked third and fourth respectively, would still face antitrust challenges, but made strategic sense as the industry moves to fifth-generation wireless technology. Carriers will need to spend billions of dollars to upgrade to 5G networks that promise to be 10 times to 100 times faster than current speeds.

While SoftBank is still open to discussing other options, it is now willing to surrender control of Sprint and retain a minority stake in a merger with T-Mobile, the sources said. They asked not to be identified because the deliberations are confidential.
SoftBank, Sprint, Deutsche Telekom and T-Mobile all declined to comment.
"We may buy, we may sell. Maybe a simple merger, we may be dealing with T-Mobile, we may be dealing with totally different people, different company," SoftBank Chief Executive Masayoshi Son told analysts on the company's latest quarterly earnings call earlier this month.
With the advent of 5G, Deutsche Telekom may receive offers for T-Mobile from other U.S. companies, such as DISH Network Corp and Comcast Corp. Sprint could also be an acquisition target for other companies, the sources said.
Dish declined to comment and Comcast did not immediately respond to a request for comment.
Discounting plans

Reuters could not determine how much of a premium SoftBank may want Deutsche Telekom to pay for control of Sprint, which has a current market valuation of $36 billion.
T-Mobile's market value stands at $50 billion, which is about $20 billion higher than when it was last in merger talks with Sprint in 2014.

While Sprint's market value has changed little since then, T-Mobile has overtaken Sprint as the No. 3 wireless customer in terms of numbers of subscribers. T-Mobile said it had 71.5 million total customers while Sprint had 59.5 million at the end of 2016.

T-Mobile is now almost as big as Deutsche Telekom's German business. "We are not in the mood of selling the business," Hoettges told investors last November.

Under John Legere, its combative, T-shirt wearing chief executive, T-Mobile has rolled out unlimited data plans and international roaming packages. Combined with aggressive marketing, this has boosted T-Mobile customer base at the expense of its rivals.

While Sprint has also been growing its customer base as of late and improving its financials under CEO Marcelo Claure, it has done so primarily through heavy discounting. Despite new investment, the company's network is still viewed by many consumers as weaker than its rivals.
Barclays analysts wrote in a note in December that a merger of T-Mobile and Sprint could result in $25 billion to $30 billion in synergies but said, "it is not imminently clear to us that the various regulatory agencies would reverse course having already blessed the outcome of a four-player market."

The FCC and the U.S. Department of Justice sent strong messages in 2014 that they did not want Verizon, AT&T, Sprint and T-Mobile to merge among themselves.

Since then, AT&T acquired satellite television provider DirecTV and has signed an agreement to buy media giant Time Warner Inc, though that deal is still under regulatory review and has attracted criticism from U.S. President Donald Trump. Verizon has also been exploring other acquisitions.

Craig Moffett, an analyst at MoffettNathanson, said price wars between Sprint and T-Mobile have driven down overall wireless prices.

"Antitrust regulators could well argue that this is precisely the dynamic they would want to preserve," Moffett added.

Son has said he expects his company to benefit from Trump's promised deregulation of the U.S. economy. After meeting Trump in early December, Son pledged to invest $50 billion and create 50,000 jobs in the United States.

visit this link http://www.cnbc.com/2017/ .. ile-deals.html


Last edited by Yung Dilla; 02-17-2017 at 02:36 PM.. Reason: ...
hot topic gave props
 

4 comments for "Softbank Willing To Cede Control Of Sprint To Deutsche Telekom To Merge With T-Mobile."

 3 months ago '16        #2
KWizzle 
space
avatar space
space
$1,531 | Props total: 2326 2326
fu*k both those companies
Iceberg010 slapped this ish
 
 3 months ago '12        #3
Theboybreblue 47 heat pts47
space
avatar space
space
$2,948 | Props total: 2673 2673
 KWizzle said:
fu*k both those companies
yeah i feel you but, if these guys were to merge..things could get interesting. a CDMA company merging wth a GSM company. their coverage would instantly be doubled....
Adam Is BeTTeR and 1 others gave props
 
 3 months ago '04        #4
Raziel 4 heat pts
space
avatar space
space
$5,009 | Props total: 849 849
To keep it 100 Spriny need this merger...I have Sprint since 2004 unlimited grandfathered 2 years plans still good for me...although i havnet had a "plan" for 4 years now....but I can still put 350 on a phone and keep it...I'm not doing that lease B.S.

To strengthen our network and reach this merger will be k!ller...Sprint stopped AT&T from doing it in the past...karma may come back to hurt us tho
jcass89 gave props
 
 3 months ago '04        #5
Devilman608 3 heat pts
space
avatar space
space
$655 | Props total: 71 71
if you travel frequently T-mobile isn't a bad option. Free international data, free international roaming, free international text, free international hotspot tethering, etc...Dealing with the spotty coverage in the US is when it sucks though.
Lil Biz and 1 others gave props
 
Home      
  
 

 






most viewed right now
 18
Video inside Calling all BX detectives!!!
28 comments
1 day ago
@thotsdimesetc
most viewed right now
 14
BOX Keith Thurman Responds to Errol Spences KO Win Over Kell Brook !
65 comments
1 day ago
@sports
most viewed right now
 8
Video inside The Night Manager Amazon Prime
23 comments
1 day ago
@movies
most viewed right now
 6
Image(s) inside Would you rock these?
25 comments
1 day ago
@gear
most viewed right now
 5
Video inside Michael Bay's Beavis and Butthead
49 comments
1 day ago
@movies
most viewed right now
 5
NBA What does Boston, Utah, & Indiana have in common?
78 comments
1 day ago
@sports
most viewed right now
 4
bruh this nigga tracy morgan how high scene got me rolling yo
29 comments
1 day ago
@movies
most viewed right now
 3
Video inside Charlamagne Tha God & Joe Budden Speak On Why VladTV Is A Rat
121 comments
2 days ago
@hiphop
back to top
register contact Follow BX @ Twitter Follow BX @ Facebook search BX privacy