T-Mobile and Sprint To Announce Their Merger In October

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 4 weeks ago '06        #1
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Yung Dilla 1473 heat pts1473
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T-Mobile and Sprint To Announce Their Merger In October
 

 
(Reuters) - T-Mobile US Inc (TMUS.O) is close to agreeing tentative terms on a deal to merge with Sprint Corp (S.N), people familiar with the matter said on Friday, a major breakthrough in efforts to merge the third and fourth largest U.S. wireless carriers.

The transaction would significantly consolidate the U.S. telecommunications market and represent the first transformative U.S. merger with significant antitrust risk to be agreed since the inauguration of U.S. President Donald Trump in January, testing his administrationís appetite for such deals.

The development follows more than four months of on-and-off talks this year between the companies, and comes as the telecommunications sector seeks ways to tackle investments in 5G technology that will greatly enhance wireless data transfer speeds.

Japanís SoftBank Group Corp (9984.T), which controls Sprint, will own 40 to 50 percent of the combined company, while T-Mobile majority owner Deutsche Telekom (DTEGn.DE) will own a majority stake, two of the sources said.

Once terms are finalized, due diligence by the two companies will follow and a deal is expected by the end of October, though talks may still fall through, the sources said.

A merger would create a business with more than 130 million subscribers, just behind Verizon Communications Inc (VZ.N) and AT&T Inc (T.N). Revenues would top $70 billion and analysts say there would be massive scope to cut costs.

Sprint shares jumped 5 percent in morning trading in New York on Friday to $8.44, giving the company a market capitalization of close to $34 billion. T-Mobile shares were up 1 percent to $64.28, giving that company a market capitalization of around $53 billion.

The sources asked not to be identified because the negotiations are confidential. Sprint and Deutsche Telekom declined to comment. T-Mobile and SoftBank did not immediately respond to requests for comment.

SoftBank founder Masayoshi Son abandoned an earlier attempt to acquire T-Mobile for Sprint in 2014 amid opposition from anti-trust regulators concerned that consumers could lose out.

visit this link https://www.theverge.com/ .. r-deal-nearing
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57 comments for "T-Mobile and Sprint To Announce Their Merger In October"

 4 weeks ago '06        #2
LYTE 124 heat pts124
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wonder how this will play out stock wise for sprint shareholders
NaMeLeSs- and 5 others gave props
 
 4 weeks ago '05        #3
Y.G. 27 heat pts27
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 LYTE said:
wonder how this will play out stock wise for sprint shareholders
Great.
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 4 weeks ago '06        #4
Yung Dilla 1473 heat pts1473 OP
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 LYTE said:
wonder how this will play out stock wise for sprint shareholders
I got a few shares I'll let you know soon enough.
BobbyMaccaheaux and 3 others gave props
 
 4 weeks ago '05        #5
yunsta 23 heat pts23
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I feel like T-Mobile just plays the big carriers. They agree to merge with a 3bil payout if the merger fails and it always does. Did the same thing to att a couple years back.
Boxden25 and 5 others gave props
 
 4 weeks ago '15        #6
Fantastic 
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I wouldnt a.ssume anything yet. Fcc has to approve. Click bait bruhs staywoke
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 4 weeks ago '06        #7
Yung Dilla 1473 heat pts1473 OP
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 yunsta said:
I feel like T-Mobile just plays the big carriers. They agree to merge with a 3bil payout if the merger fails and it always does. Did the same thing to att a couple years back.
 Fantastic said:
I wouldnt a.ssume anything yet. Fcc has to approve. Click bait bruhs staywoke
You both are right but you're forgetting one thing. That's Democrats blocked it. The Republicans are for less competition and would pass this in a heartbeat. That and the fact trump owed son a favor from way back in the 80's this will go through.
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 4 weeks ago '04        #8
youngblanco 13 heat pts13
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Phone signals still gonna be weak
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 4 weeks ago '04        #9
CentsCuZ 19 heat pts19
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I don't see this merger being approved by the FTC, even with Trump Administration in Office.
 4 weeks ago '08        #10
macthorough 32 heat pts32
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sh*t gonna be called Tint, get it?
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 4 weeks ago '16        #11
RexxKennedy 
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 Yung Dilla said:
I got a few shares I'll let you know soon enough.
sh*t I do too I was just saying I hope this donít effect my sh*t
Yung Dilla gave props
 
 4 weeks ago '15        #12
kingjappyjoe 
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I hope that means I'll get that signal t mobile users get everywhere
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 4 weeks ago '16        #13
Ravishing 45 heat pts45
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 Yung Dilla said:
I got a few shares I'll let you know soon enough.
I grabbed a couple after the last thread


How long have you had your shares?
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 4 weeks ago '06        #14
Yung Dilla 1473 heat pts1473 OP
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 Ravishing said:
I grabbed a couple after the last thread


How long have you had your shares?
Maybe 7 months lol.
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 4 weeks ago '12        #15
bkkid92 20 heat pts20
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We better be getting those t mobile Tuesday goodies

 macthorough said:
sh*t gonna be called Tint, get it?
Or sprint mobile
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 4 weeks ago '16        #16
IGotIt 1 heat pts
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 macthorough said:
sh*t gonna be called Tint, get it?


ayo..












[pic - click to view]

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 4 weeks ago '17        #17
lmaoyes 1 heat pts
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 yunsta said:
I feel like T-Mobile just plays the big carriers. They agree to merge with a 3bil payout if the merger fails and it always does. Did the same thing to att a couple years back.
3 bil on a flop??

niggggggga u already kno

::insert McGregor gif::
 4 weeks ago '17        #18
justin747 
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 kingjappyjoe said:
I hope that means I'll get that signal t mobile users get everywhere
Why don't you just switch to T-Mobile?
ghostridah and 2 others gave props
 
 4 weeks ago '10        #19
eightytyson06 39 heat pts39
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 Ravishing said:
I grabbed a couple after the last thread


How long have you had your shares?
What type of profit you make and what you use to buy your shares
 4 weeks ago '15        #20
kingjappyjoe 
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 justin747 said:
Why don't you just switch to T-Mobile?
Just added myself to a family plan super cheap for me but the signal is sh*t as soon as I walk in anything lol
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