T-Mobile US, Sprint restart merger talks - report

News Wireless United States 15 MAY 2017
T-Mobile US, Sprint restart merger talks - report

T-Mobile US have restarted merger talks with Sprint, according to Bloomberg. Both companies declined to comment on the report. In April, Bloomberg had said Sprint was considering alternatives to a possible merger with T-Mobile, such as monetising its spectrum assets or a deal with a cable operator. The site noted that merger negotiations would likely be considered again when a government ban on deal negotiations, imposed due to the recently completed spectrum auction, expired on 27 April.

T-Mobile US parent Deutsche Telekom said during earnings that it would consider a deal with interested companies, the Washington Post reported. “It is not only permitted and possible, but now very likely that discussions will get under way concerning various potential strategic combinations of businesses in our industry,” said Deutsche Telekom chief executive Tim Hoettges. “That includes our company, T-Mobile US.”

Sprint parent Softbank named T-Mobile on 10 M ay as the “most orthodox choice.” “We'd sincerely love to begin talks,” chief executive Masayoshi Son said.

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