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Wireless

Softbank starts talks with DT on T-Mobile takeover - report

Monday 20 January 2014 | 08:52 CET | News
Softbank has entered direct talks with Deutsche Telekom to resolve obstacles to a potential merger of their US mobile operators, Sprint and T-Mobile, people with knowledge of the matter told Bloomberg. While SoftBank has assurances from banks that financing for a deal will be available, an agreement could still take months to reach, the report said. Unresolved issues include how much cash and stock SoftBank will pay for Deutsche Telekom's 67 percent stake in T-Mobile US, and how Sprint and T-Mobile will be integrated. Deutsche Telekom wants an all-cash offer for T-Mobile, which has a market

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Categories: Mobile & Wireless
Companies: Deutsche Telekom / Softbank / Sprint / T-Mobile US
Countries: United States
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