0
Wireless

Sprint, T-Mobile close to merger agreement - report

Thursday 5 June 2014 | 09:17 CET | News
Sprint is nearing an agreement on an acquisition of T-Mobile US valuing the Deutsche Telekom subsidiary at almost USD 40 a share, people with knowledge of the matter told Bloomberg. Sprint will offer 50 percent stock and 50 percent cash for T-Mobile, leaving Deutsche Telekom with around 15 percent of the combined company, the report said. At just under USD 40 a share, T-Mobile's equity value would be about USD 31 billion. In addition, the operator has about USD 14.5 billion in debt and USD 5.5 billion in cash. Deutsche Telekom, which owns about 67 percent of T-Mobile, was seeking at least USD

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



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

Add comment

Please login or register to leave a comment.

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

DT wants at least USD 35/share for T-Mobile US - report

Published 29 Aug 2014 10:14 CET | United States
Deutsche Telekom is willing to negotiate a sale of T-Mobile US with valuation of at least USD 35 a share for the mobile operator, ...

Sprint abandons bid for T-Mobile - report

Published 06 Aug 2014 08:46 CET | United States
Sprint has abandoned plans for a merger with its closest rival T-Mobile US, the Wall Street Journal reports citing people ...

Sprint, T-Mobile consider joint spectrum bid - report

Published 16 Jul 2014 09:20 CET | United States
Sprint and T-Mobile US are working on a plan to raise around USD 10 billion to bid jointly in the next major spectrum auction in ...

SoftBank reaches deal on T-Mobile takeover - report

Published 14 Jul 2014 09:21 CET | United States
SoftBank has reached a basic agreement to acquire T-Mobile US from Deutsche Telekom, the Nikkei reported. The two sides are still ...

Sprint offers 30-day, money-back guarantee

Published 24 Jun 2014 09:01 CET | United States
Sprint is introducing a money-back guarantee for its mobile services. If customers are not completely satisfied with the Sprint ...

Sprint recruits banks to finance T-Mobile USA buy - report

Published 20 Jun 2014 10:44 CET | United States
Sprint is closer to financing its proposed acquisition of T-Mobil USA, with up to eight banks ready to provide funds, Reuters ...

Sprint launches Neurodiversity ID pack

Published 19 Jun 2014 15:33 CET | United States
Sprint has launched the Neurodiversity ID pack, a bundle of mobile applications targeted at helping individuals with cognitive ...

T-Mobile purchasing spectrum in case merger fails - report

Published 18 Jun 2014 15:27 CET | United States
According to The New York Post, T-Mobile CEO John Legere is developing backup plans in case the takeover offer from Sprint is not ...

SoftBank targets FY profit of USD 980 mln at US ops

Published 18 Jun 2014 12:27 CET | United States
Japanese mobile operator SoftBank estimates its US business will achieve an operating profit of around JPY 100 billion ...

Sprint expands LTE roaming agreements with 12 new carriers

Published 16 Jun 2014 21:55 CET | United States
Sprint has announced it has reached LTE agreements with twelve rural and regional network carriers, providing smaller carriers a ...

Sprint launches online ConnectED application, info portal

Published 13 Jun 2014 20:29 CET | United States
Sprint has announced the launch of its online ConnectED application and information portal. Beginning 13 June, invited ...

T-Mobile US adds Apkudo to device manufacture requirements

Published 13 Jun 2014 15:16 CET | United States
Mobile device quality assurance company, Apkudo has announced that the tier 1 service provider, T-Mobile US, has added Apkudo ...

T-Mobile US announces new programme for Premium SMS refunds

Published 11 Jun 2014 17:19 CET | United States
In November 2013, T-Mobile US announced the company would no longer allow third-parties to bill customers for Premium SMS ...

Sprint selects ItsOn Smart Services Platform

Published 11 Jun 2014 15:19 CET | United States
Mobile smart services provider, ItsOn has announced that Sprint will leverage the ItsOn Smart Services Platform to enhance its ...

T-Mobile US and SFX Entertainment extend partnership

Published 05 Jun 2014 16:54 CET | United States
SFX Entertainment and T-Mobile US have announced an extension of their marketing alignment with an eighteenth-month programme ...

T-Mobile US enables Wi-Fi calling

Published 05 Jun 2014 15:13 CET | United States
Building on the integration of Wi-Fi calling in the newest Apple operating system, iOS 8, T-Mobile US has announced it has ...

Deutsche Telekom backs Softbank buy of T-Mobile - report

Published 29 May 2014 17:13 CET | United States
Deutsche Telekom has agreed to a proposal from Japanese operator Softbank to buy T-Mobile US, Kyodo news agency reported citing ...

Sprint Chairman argues for T-Mobile US transaction

Published 29 May 2014 15:06 CET | United States
Sprint Chairman Masayoshi Son has referenced recent telecom and cable mergers as a precedent to allow his company to buy T-Mobile ...

FCC not entirely opposed to Sprint, T-Mobile deal - report

Published 15 May 2014 18:41 CET | United States
Democratic commissioners at the Federal Communications Commission (FCC) may not all be opposed to the potential Sprint ...

T-Mobile wants USD 1 bln breakup fee in Sprint deal - report

Published 12 May 2014 10:15 CET | United States
T-Mobile US is asking for compensation of USD 1 billion if its proposed takeover by Sprint is vetoed by regulators, people ...

Sprint chairman Son confirms interest in T-Mobile

Published 11 Mar 2014 08:59 CET | United States
Sprint Chairman Masayoshi Son said in a television interview that he would like to buy T-Mobile US, confirming his interest in a ...

Sprint reconsidering T-Mobile US acquisition - report

Published 10 Feb 2014 16:40 CET | United States
Sprint officials are coming together to discuss whether the potential acquisition of smaller rival T-Mobile US is still a good ...

Sprint Chairman to meet with head of FCC - report

Published 03 Feb 2014 15:06 CET | United States
Sprint Chairman Masayoshi Son has plans to meet with the head of the Federal Communications Commission on 3 February concerning ...

US wary about Sprint proposed merger with T-Mobile - report

Published 29 Jan 2014 16:09 CET | United States
Sprint board members Masayoshi Son and Dan Hesse recently met with Justice Department officials who said they would view a Sprint ...





Calendar   /   Industry Events

18 Oct Apple Event
19 Oct A1 Telekom Austria Q3 2021
19 Oct Tele2 Q3 2021
19 Oct Netflix Q3 2021
19 Oct Iridium Q3 2021
19 Oct Arm DevSummit
19 Oct Pixel Fall Launch
19 Oct Arm DevSummit
20 Oct Crown Castle Q3
20 Oct Verizon Q3 2021
20 Oct Elisa Q3 results
20 Oct Bango strategy day
20 Oct Samsung Unpacked Part 2
21 Oct AT&T Q3 2021
21 Oct Orange Belgium Q3 2021
21 Oct Telenor Q3 2021
21 Oct Intel Q3
21 Oct Telia Q3 results
21 Oct Snap Q3
22 Oct Doro Q3 results
22 Oct Ericsson Q3 2021
::: More Calendar Items