Final Sprint, T-Mobile merger deal details being ironed out between SoftBank, DT

softbank usa

A report from Asian publication, Nikkei, claims that SoftBank is nearing a deal which would pave the way for the long-rumored Sprint, T-Mobile merger. The report claims that the basic agreement between the Japanese carrier and Deutsche Telekom is in place, and just the final details need ironing out.

SoftBank is purportedly seeking to buy more than 50% of T-Mobile US shares from German telecoms giant, Deutsche Telekom, which currently owns a majority 67% stake. Nikkei reports that SoftBank will use cash and stock swaps to find the $16 billion (1.7 trillion yen) required to buy that 50% stake. As we’ve heard previously, SoftBank has approached a number of large financial institutions including Deutsche Bank, JPMorgan and Chase as well as Japan’s three major banks.

With the offer reportedly accepted and all the finances lined up, it’s now seemingly just a case of getting the deal and merger approved by the U.S. regulators. Namely: Department of Justice and the FCC, both of whom have expressed concerns over the possibility that 4 major U.S. carriers would turn in to 3. Both Sprint and T-Mobile have both – at different times – expressed their belief that consolidation between carriers is necessary for a more competitive landscape in the States. Neither has explicitly stated that Sprint and T-Mo should merge, but the reality is that no other merger could possibly make the difference the two are wanting to see.

I’m certain we’ll hear more on this merger over the coming weeks and months. There’s no guarantees that the deal will go through, likewise there’s no certainty that the regulators will block the move.

Via: Nikkei

 

 

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  • philyew

    Blah, blah, blah, blah….

    • maximus1901

      Problem is, even if it doesn’t go through, TMUS will not do capex during the review. The att merger review lasted 9 months during which TMO did jack $#it
      So unless Softbank agrees to re-imburse TMUS in case merger is blocked, TMUS will do no more capex.

      • Willie D

        Uhh, yes they will, they already are lined up for improvements and deployments and they are getting a settlement from Softbank if the deal fails, which it will, and its not like Sprint is actually doing any bit better at all on their own network.

        • maximus1901

          But if merger succeeds, Deutsche Telekom won’t get anything if they do any capex during the review period.

        • Marvin Lilmarv Bolden-Mitchell

          T mobile the one’s that really Suxxx just finnished upgrading the 3g network to the top 100 cities in what 08 I rather a company take they time and do it right than to just replace one part and flip a switch……yes im with sprint and yes they havnt been in the tony the tiger mode yes its havnt been great ……….because there zones permits then u got to dig u got to call for that all that comes into delays u have to call around to county clerks to get things approved so hell yes its going to be slow…………..DUHHHHHHHHHH

        • notyourbusiness

          Oh, gee, what a shock that you’re a Sprint customer!

          /s

        • randomnerd_number38

          I consider myself pretty adept at deciphering posts that ignore punctuation and grammar, but you have stumped me with the last half of that post, sir. Well done.

          I get the basic gist of it, though. I don’t think Sprint’s problems with getting their network up to snuff have anything to do with regulatory approval or taking they time and doing it right. It’s more about mismanagement and poor network decisions.

        • Wireless Addict

          Sprint’s network failing has nothing to do with regulatory approvals or zone permits.. It’s a lack of planning and management, not factoring in the severe neglect that has occurred with their EVDO network.. Now that T-Mobile has surpassed Sprint in LTE coverage and has launched nationwide HD voice as of last year and well on its way to VoLTE. I would seriously reconsider who is the one that *suxx*

        • Fraydog

          And the team responsible for the mismanagement was fired by SoftBank. The new network team led by John Saw has done more in 3 months than the last team did for the year before they got shown the door. It matters little because if the T-Mobile merger happens, Neville will lead the network team and he’ll want everyone gone if he takes over. I’m not for a merger, but let’s face it, everything trends toward T-Mobile winning this. If it’s called Sprint it will more or less be in brand only. Everything else will be T-Mobile’s.

        • jeremyvbk

          Guess you haven’t seen sprint lately. Just saying all of these comments about Sprint “not getting better” Is false. Look just two years ago. Quality has improved in just the past Year I have had Sprint. ATT on the other hand has No line for improvement with the halting of Network installs. Sprint is taking advantage now with a full 8t8r Band 41 deployment, And they are feeding off of Tower workers ATT Let go. Im not sure on full details, but They are supposed to be starting in most markets by this summer. Nokia will be the Equipment manufacturer to be watching as they have basically kicked Ericsson to the Curb in how they perform.

      • philyew

        We’ll see. As I’ve said before, in my view, the most important thing for TM to demonstrate during any review period is that the deal won’t reduce competition. A failure to maintain competitive programs pending the outcome would be the worst possible approach, demonstrating precisely the opposite.

        • maximus1901

          What does the doj have to prove to win in court? Why wouldn’t SoftBank win with “3 equal > 2 big and 2 small”?

        • philyew

          The market concentration is already past the acceptable level, so any further consolidation between the major carriers should be a problem.

          Some months ago I reviewed the DoJ submission related to the AT&T takeover and it seemed pretty clear that, if you substituted “Softbank/Sprint” for “AT&T” in the text and adjusted the HHI calculation, the same argument against the merger would still be pretty solid.

        • maximus1901

          Yeah but wasn’t the REAL reason why att got rejected because it would’ve left sprint as the runt, surely to be undersold and then crushed by verizon and leading to an actual duopoly?
          With this merger, though I’m against it, it’s factually obvious that you’d have 3 carriers of equal size. Isn’t that what softy will argue if the att comparison is made?

        • philyew

          http://www.justice{dot}gov/atr/cases/f274600/274613.htm

          Read the DoJ complaint. There is no comment in there which draws attention to the relative inequalities in size of the companies, had the merger been allowed to proceed. Instead, the focus was on TM’s disruptive influence on the three other major carriers, and the likelihood of anticompetitive coordination:

          “The substantial increase in concentration that would result from this merger, and the reduction in the number of nationwide providers from four to three, likely will lead to lessened competition due to an enhanced risk of anticompetitive coordination. Certain aspects of mobile wireless telecommunications services markets, including transparent pricing, little buyer-side market power, and high barriers to entry and expansion, make them particularly conducive to coordination. Any anticompetitive coordination at a national level would result in higher nationwide prices (or other nationwide harm) by the remaining national providers, Verizon, Sprint, and the merged entity.”

        • gadget_hero

          Which they would be much closer in size they would two incompatible networks that need to be merged, plus they both actually lack sufficient coverage to actually scare $VZW and $T. I’ll actually bet if the new Sprint limited plans are kept that $VZW and $T will actually grow MORE in a consolidated market. Buckets all being equal leaves Softbank as the most indebted loser.

        • gadget_hero

          The logic from when $T failed to convince the government had nothing to do with carrier size, it was all about 4 national carriers. Plus given T-Mobile plans for full nationwide LTE and their current growth trajectory I don’t think anyone denies they will pass $S. Not to mention $TMUS is growing faster than $S is bleeding customers which mean some are coming from $T and $VZW

        • Jeremiah McCurry

          But would Sprint’s bleeding actually support the idea that the market can’t support 4 nationally competitive carriers? If Sprint dies then the outcome is the same as with a merger.

        • gadget_hero

          If Sprint’s network was performing they could be stealing customers from $T and $VZW as they offer unlimited data as well as very competitive tablet data plans. Between that and Sprint employees that give customers plans they should not have I am sure they could be at a profit sooner than later. This middling 5 year upgrade that has no end in sight isn’t helping them gain customers. They might as well rename the who network “Spark” if they aren’t allowed to buy T-Mobile. Sprint has trashed its name over the past decade. In short they market can support 4 carriers, but not if you LET the top two have 2/3 of the population.

        • xmiro

          DOJ has to prove market concentration, which is already evident in the test they use to measure competition.

          Everything hinges on whether the DOJ will block the merger, and what kind of the demands they’re going to make in order to say yes. Would it be simply giving up spectrum or something more?

      • UMA_Fan

        Not if it’s a reverse merger with as was recently reported by CNBC with the T-Mobile brand front and center and Sprint being used to augment T-Mobile.

        • calvin200

          OMG. A reverse merger? Please explain the dynamics of a reverse merger? This should be interesting after we get past the TMobile management will be in charge. Please explain to all of us though.

      • xmiro

        doubt it seriously

        Capex will continue, because the likelyhood of the merger getting red lighted is high and that would leave T-Mobile vulnerable for months when they need growth.

        Even rumors have it Legere is looking for more 700Mhz licenses to buy

        The AT&T acquisition was a hard lesson on T-Mobile, and DT cannot afford for the same thing to happen again

    • Luther

      Lol, my thoughts exactly.

    • maximus1901

      Let me know what you guys think:
      TMO uses Dish’s supplemental downlink spectrum to get:

      20 + 20 + ( (G+H+?PCS?) || 700a || 600)

      TMO swaps Sprint G for 5×5 PCS.

      So TMO could have up to 55×15 giving it more than 400mbps downlink.

      In return, Dish gets to use all that capacity for fixed LTE for its satellite business.

      • DirkDigg1er

        No

  • Willie D

    Thought these details were already discussed and finalized.. Blah blah blah more rumors. The DOJ and FCC will cut the deal due to the FTC investigating one of the two anyway.

    • maximus1901

      Only FCC can unilaterally block the merger. DOJ has to go to court and they’ve lost before (see Oracle vs. DOJ)

      • philyew

        Surely, the FCC only has jurisdiction over the assignment of licenses? It adds up to the same thing, if they block the transfer of licenses, but the laws related to the merger itself are supervised by the FTC and DoJ.

        In practice, if the FCC block the transfer of licenses, but the FTC/DoJ don’t oppose the merger, they will end up in court anyway.

  • sushimane

    Crossing my fingers that the deal gets denied again.

    • calvin200

      Never has been denied. Different company, different situation. Possible same outcome, but “again” is not accurate.

      • sushimane

        im only saying hopefully the fcc and the doj reject the proposed deal tmobile is doing something good for their customers unlike the other carrier. so im hopping it come to the same outcome as the att and tmobile merger. Taking out one national carrier to feed a bleeding carrier and say that its best for the consumer is insane. Yes we live a condense country so having a minimum of 4 carriers a good number for the country. Having 3 carriers would just be a pain yes there would be a price war how much of a price different would it be? other country with 3 carriers have almost the same price from what i read so no real saving. but we just gotta wait.

  • Brian

    Hopefully, this goes the same route as the last nightmare with AT&T trying to take over Magenta. I’m sure it will and DT will make a few billion dollars again as their breakup compensation. In addition, just like after the last time, T-Mobile will get stronger and stronger and continue their great trend of net additions to their user base.

  • maanshu

    Let’s get ready to open a petition for FCC. This will not give us competition.

    • maximus1901

      Those petitions are useles unless physical ups mail is used.

    • http://www.twitter.com/the_sundaypaper Sebastiaan van den Berg

      Screw competition, a merger could mean better service..

      • philyew

        Assuming that isn’t a tongue-in-cheek statement, if you don’t care how much you pay and under what conditions, why not just go to Verizon or AT&T?

      • Wilfredo Martinez

        If you think T-Mobile’s service is not good why don’t you just go to Verizon and AT&T? Just because it could improve service doesn’t mean a budget carrier needs to disappear we already have Verizon and AT&T leave T-Mobile and it’s customers alone!

      • JBrowne1012

        Yeah because less competition encourages spending millions on towers to build a network and charge you less for it. Yeah… s/ you are something special aren’t you?

        • maanshu

          why not let competition enter the market, and make it even playing field. Companies like Vodafone Orange Bharti are waiting in line. US demands too much to let outsiders invest. It’s called barriers to entrant.

      • notyourbusiness

        A merger with Sprint could make service better? Okay then…

  • skittle

    Bowl of popcorn ready, let the games begin. Make that a box car load of popcorn.

    • wazmo

      Better make sure the FCC isn’t placing a massive put on popcorn futures: Comcast/Time Warner, AT&T/DIRECTV, and throw T-Moobile US/Sprint? Zoiks!

  • Clarkkent113

    Lulz blocked.

  • SprinT-Mobile Fail

    I was wondering about this this yesterday! I hadn’t read anything about it lately, and John Legere continues to pound Sprint on Twitter. I hoped that meant it may not be happening. Oh well. there’s always Verizon to switch to.

    • UMA_Fan

      It could also mean if the companies do combine it’s already been agreed with Softbank that T-Mobile will take over Sprint and not the other way around.

      Also this is another ridiculous preemptive comment about switching due to a merger? Really? People act like if one cell phone company buys another that their cell phone will automatically stop working.

      • jeremyvbk

        Tmobile will not take over Sprint. It will Be softbank In charge. Legere would have to do what Son has to say. It will be Son’s way or the Highway. Im in favor of a completely new name. Both Tmobile’s name is Tarnished in the Words of Coverage. Just put a new name in, and Rollout a full 100% LTE network, and get people to upgrade. It needs to be done sooner than later anyways.

      • calvin200

        jeremyvbk, UMA_Fan still has a problem understanding your point even though it’s been pointed out to him by man other people. Please think of a different way to explain to him that Son will be the “daddy” in this situation.. LOL. I just think I solved the problem. What’s the big deal here? They are being bought out and the new company will be in charge. This is not rocket science here. Those people who will be directing things will be in charge as long as Soft bank wants them to be in charge.

    • xmiro

      That’s because if the merger goes through nothing will be left of Sprint but it’s CDMA network which would go dark as soon as possible.

      Legere has repeatedly said T-Mobile will be the surviving brand, and some of the rumored details say as much, along with TMUS management being in charge

      • calvin200

        Band… .label….. executives…… CDMA/GSM……. Yada yada yada. It will be a job Legere has FOR SOFTBANK AND IT’S SHAREHOLDERS. His green will be coming from the Pacific not the Atlantic.

    • notyourbusiness

      I would never switch to Verizon. Or ATT. But I did get two of my T-Mobile locked phones unlocked back in late May. I would sooner go with an MVNO if this merger ends up going through and Softbank screws everything up and jacks up prices.

  • mreveryphone

    Sprint/Softbank or whatever their calling themselves these days needs to get their house in order first… After doing a little research they are 9 trillion yen up the a$$ in debt already… Somebody must know something we don’t if this thing is being pushed through…

    • izick

      ¥9,000,000,000,000 ≈ US $1573

      • Steve Rice

        No… no it’s not… at all….

      • mreveryphone

        Just about 90 Billion USD

    • ceegii63

      $88,678,710,000?

  • gadget_hero

    The gall of Softbank/Sprint not even a week after they announced new “test” plans that end unlimited data AND after the DoJ & FCC have both basically already told him no dice. And yet he still promises to make things better and cheaper? How does limited $T and $VZW style and cost plans exactly do that, oh right it doesn’t.

    Sprint does has more coverage (than T-Mobile) but its a shitty ass slow network. Its 5 years behind schedule. I have kept up on it as I am a premier member at s4gru.com (unofficial Sprint leak site as well tried their service for at least 14 days 3 times in the last 3 years), hey look I want Sprint to not suck as much as next guy but they have had YEARS at this and I have seen little to no improvement, and their competitors aren’t sitting still on their hands.

    I get they have had delays with their backhaul providers but hey they should put more pressure. T-Mobile is on the verge of passing Sprint anyways, why tie T-Mobile down with the debt, CDMA network, and all the crappy accounts at Sprint (I know so many people that use Sprint that are on plans they should have never gotten SERO being one god knows if they are even profitable at all).

    Sprint+T-Mobile= Solves nothing, Doesn’t Expand Coverage, More debt to income ratio, less scale than D.T.+T-Mobile, Will mess up the 600MHz rules T-Mobile fought hard for, Is a nightmarish network consolidation compared to the tiny Nextel one (and we all know how that went), oh and a ton of people will get fired. Oh and the Japanese government has come out and warned us not to let Softbank do it as their cellular market has seen NO new competition and the only carrier bringing the competitive heat is NTTdocomo which is the one Softbank originally railed against.

  • http://about.me/daylondeon Deacon

    i don’t care about this anymore. when they do, i’ll be out the door going back to the darkside. no time to pay much attention to this.

  • Farmer Ted

    Sigh. Another “news” story likely leaked by Softbank that has no new news or substance to it. The parties have agreed in principle to a deal and to the structure. Still a lot of details to be worked out. Financing by banks. Etc. This is identical to the “news” 3-4 weeks ago which itself was simply a regurgitation of previously shared / known / speculated components.

  • UMA_Fan

    I feel like I’ve read this exact same article verbatim 10 times already over the past two years

    • http://twitter.com/SParKlngCyaNide SparklingCyanide

      And it’ll end exactly the same way, with absolutely no merger taking place. :)

  • Wilfredo Martinez

    What difference that we want to see? Where we only have 3 major carriers colluding on prices and innovation? This merger better be dead as soon as it is announce or all consumers will face higher prices and less innovation!

  • ” J.D. “

    Sprint is not fixing their broken non-repairable network that’s trash ready anyway & they know it. They can’t afford to do it anyway . Their trying to buy a new one slap their name on it then dismantle the garbage that remains while globing customers & taking credit for work that’s not theirs They made BIG promises before but never delivered on any ! cause they can’t !

    Flat out if Sprint mergers with T-Mobile its a losing battle jut look at what happened to nextel & They don’t care – 1) most people would bail over to Verizon or AT&T anyway leaving less of a customer base 2) I never seen so much hatred for a cell phone company as I’ve seen with Sprint It will only pull T-Mobile to its grave & make Verizon & AT&T Bigger . We should start writing letters expressing our dislike & distrust for Sprint to The FCC & DOJ as well as posting to social media sites Facebook,Twitter,etc. as well as your local congressmen …

    As of right now their still on a rapid decline losing customers and selling at 8.55 and declining while T-Mobile is at 33.77 & climbing They also added almost a million new customers. ( We better start now ! )

    • Goblin Shark

      I happen to know for a fact that Sprint is rebuilding their entire network from the ground up. I’m witnessing it at multiple locations here in Omaha where they’re running fiber optic cable and installing all new equipment at their towers. My service quality has skyrocketed this year. I’m happy with the work they’ve done and I now believe them when they say they’ll have the best network in the US in a couple years. You can try your petition but none of those guys are going to care about it, if they think they’ll make more money with a merger they’re going to do everything in their power to merge.

      • ” J.D. “

        To bad sprint does not have fiber optic but Verizon does .. and their stringing towers across the U.S. Their other sub’s ( sprint’s ) are Boost Mobile, Virgin Mobile, and Assurance Wireless and they are having extreme difficulty as of now. However In 2006, Verizon and Motorola partnered to bring its customers home DVR access, which allowed viewers to record and watch television programs simultaneously,In 2006, moving forward
        Verizon Communications Inc. is fielding offers for [sale] … of traditional telephone lines … part of the New York-based phone giant’s strategy to delve deeper into the wireless and broadband arenas, while getting out of the traditional phone business in U.S. areas that aren’t slated for fiber upgrades … Verizon also has been shopping a package dubbed “GTE North” that comprises about 3.4 million access lines in former GTE Corp. territories in Indiana, Illinois, Ohio and Michigan. Maybe this is what your seeing .

        • calvin200

          No fiber optic on Sprint? What do you mean by that? Please explain.

        • Goblin Shark

          no, it’s Sprint, read what I said, I said Sprint, not Verizon, Sprint. Thanks.

        • Goblin Shark

          And Sprint is installing fiber optic. Again, I am witnessing this first hand.

    • Sauso

      I’m not one who normally reply’s to these posts but I think your hatred for Sprint is blinding you. I am not a Sprint fan so please do not think I am defending them is any way.

      If this merger goes through that would be the best thing that could happen for each and every Sprint customer out there. NewCo would be run by John Ledger the CEO of T-Mobile and everything that I have read says that they will be ditching the Sprint name for the T-Mobile name.

      On top of John Ledger running NewCo I would only imagine that he would bring his network team with him and look what they have done with the T-Mobile network over the past 2 years. Anyone who jumps ship so they can pay higher bills doesn’t understand the bigger picture and will return.

      A combined company in my opinion will also have the ability to ready shake things up. This is something that the Softbank CEO says he wants to do. We can only take him on his word but if John Ledger is to become the new CEO I don’t think he is just going to stop trying to steal customers away from ATT or Verizon.

      I hope this merger happens and is accepted by the FCC and DOJ. This is just one mans opinion but I think it would benefit everyone.

      • ” J.D. “

        I Understand what your saying. You seem sincere in your opinion. As for John Ledger he is my idol CEO . But knowing softbank and how they acquired Sprint in the first place, Plus my own dealings I DO NOT TRUST THEM AT ALL ! Look at all the promises they made to Nextel …

        • Bob

          Who cares what promises they made? Sprint will be gone along with their corporate leadership. John Legere will be running the show. Whatever Sprint did in the past will be irrelevant because Sprint will cease to exists.

        • calvin200

          Sprint falls to exist as it’s already not itself. Shake up has started. Enough, probably not.

        • Dan

          His name is actually Legere.

      • notyourbusiness

        Who is John “Ledger?”

    • xmiro

      Sprint’s going away as a brand, along with its CDMA network. T-Mobile will be the surviving entity, along with its management and Bellevue HQ

    • calvin200

      I would love to know where you get your information from. How much money is Sprint pumping into network repair J Daniel White? Do you think people will really continue to hate Sprint when it’s not called Sprint? Pssst–guess what. it’s really not ATT. A name is an illusion. Get over it. The tech is here, the money is here, the partner is here. Let’s stop living in the past.

      • ” J.D. “

        Were do I get my info ? working on the market, The moneys were ? Thats why they needed 8 different banks to fund this . Why 8 because they don’t have the FUNDING ! Do you think AT&T needed 8 banks of course not . then again any deals or mergers that did are were they should be nonexistent. Not to mention the people that work for these corporations or the private investors that would feel the brunt,but I guess you think they’ll just write it off . WAKE UP ! their just looking to dissolve that not so important name SPRINT the one you claim is just an illusion. And your right AT&T isn’t AT&T It’s really American Telephone & Telegraph) founded in 1885

        • jeremyvbk

          No one bank will or can lend out that much money for one deal. Sprint is pumping a ton of money into NV 2 right now, as well as wrapping up NV1. Sprint could dissolve the name at any time. The T-Mobile name wouldn’t stick around like Cingular did with ATT. It’ll become one company and a new name will emerge eventually. BTW funding from multiple banks is better than from one bank. And they approached the banks, doesn’t mean they are getting funding from the banks. You don’t go to one bank for an loan with out seeking out your options when buying a home? Why would a business do any different with a much much larger investment?

        • Telekom

          Actually Softbank can afford to pay cash for t-mobile..keep in mind that softbank is a bank, investment company… but why would they put all of that cash down for this purchase?.. that’s why they got 8 banks to fund it… they don’t want to put all that money just in case something happens…

        • gadget_hero

          They also carry a tremendous amount of debt.

        • Jeremiah McCurry

          As do Sprint and T-Mobile. That is my biggest concern with the whole deal.

        • gadget_hero

          That is true, if you look at T-Mobile revenue it has almost the same revenue as Sprint but has several million less customers. If I were lending money it seems T-Mobile is repairing itself faster than Sprint is. Plus as ETF payouts at T-Mobile are front loaded I would imagine profitability should be restored in the next two quarters.

        • ” J.D. “

          JPMorgan Chase & Co., Goldman Sachs Group, Deutsche Bank AG, Bank of America Merrill Lynch, and Citigroup Inc., as well as Japanese banks Mizuho Financial Group Inc., Bank of Tokyo-Mitsubishi UFJ Ltd., and Sumitomo Mitsui Financial Group, have all agreed to bankroll Sprint’s proposed acquisition.the debt package is valued at more than $40 billion, plus a $20 billion bridge loan from Japan’s Softbank, as well as the $20 billion to refinance T-Mobile’s existing debt.A rejected deal, however, could cost Sprint more than $1 billion in cash, which could hurt the already strapped carrier. Also Last week, Segan examined a map from Mosaik Solutions,
          which illustrates the general overlap of both networks, which does little to expand coverage around the country.

        • jeremyvbk

          Overlapping coverage is similar. But The increase revenue of the combined companies would justify the cost of expansion. There may not even be a break up deal, the reason ATT had one, was because of network upgrades halting. There is nothing of that sorts here(yet). Ive seen it is $36 billion, $16 billion for 50% of the Company, $20 billion for debt. But Softbank will fund some of it with cash, and the rest on lending. Everyone is worried about debt load, but yet They forget Verizon has a huge debt toll, and Softbank is getting cash from Alibaba. This can actually provide three network that actually have coverage. Which is what most people complain about anyways.

        • gadget_hero

          Ya well Softbank is no Verizon when it comes to assets or earnings, Softbank has around $50BN USD in assets and about $31BN USD in yearly revenue, versus Verizon’s $274BN USD in assets and $120BN in revenue. Softbank is a fly compared to Verizon. As well as Softbank carries around $90BN USD in debt already.

          First rule in business never count your eggs before they hatch (Alibaba), I have read things that certainly are troubling about this Amazon “killer.”

        • calvin200

          As far as I understand ATT is just a name that Cingular Wireless bought for about 41 Billion back in 2004 after a bidding ward with Vodaphone. As for a broken trash ready network Softbank is sure spending a lot of money to fix it. Even more if they are trying to take over TMobile, don’t tell me that’s not going to cost a boat load of money. How bad can it be really be because Duetch Telecom is trying to help Softbank buy TMobile by not making them buy not a lot more than a controlling interest in TMobile. Or maybe they just want another break up fee? LOL. How many banks are customarily used when a Japanese company is buying an American subsidiary of a German company? I’ll be honest I don’t know the PE ratio or the debt, but the experts that I have read seem to think that combined there will be more scale advantages under the new name of “TMobile” (does me using that name make you feel better?) then the debt is at least somewhat reasonable. Please give me financial genius insights.

        • ” J.D. “

          My dates & Info are correct about AT&T were do you get these stories ? Heres a good joke for you, Read this Its a link Thats right here on this site. Its what I was referring to in my comments yesterday more to add to credibility & fact Base >>
          In response, the financial institutions are wanting higher fees, since they are expecting the deal to take a long time to be approved by the U.S. regulators. Deutsche Telekom, the banks and SoftBank all expect the approval process by the FCC and Department of Justice to take at least one year after the the deal is announced officially. If/when the announcement is made by T-Mobile, Sprint or SoftBank, the banks have pruportedly given the companies 18 months to seal the deal. If that time period goes by without the seal of approval from the FCC or DoJ, the banks will pull the funding. Read the rest heres the link LOL >> http://www.tmonews.com/2014/07/t-mobile-sprint-merger-evaluation-by-fcc-doj-could-take-at-least-12-months-if-deal-goes-official/tmo-sprint-merger_large_verge_medium_landscape/

        • calvin200

          I’ll try to get my sources from other places. I am more confused after watching the Colbert clip. Do you see what I am saying or am I missing something? I’m honestly open to historically contextual facts from multiple sources. http://videosift.com/video/Colbert-regarding-the-new-ATT
          http://money.cnn.com/2004/02/17/technology/cingular_att/
          http://en.wikipedia.org/wiki/AT%26T
          http://en.wikipedia.org/wiki/ATT
          http://www.funtrivia.com/askft/Question77711.html
          http://news.cnet.com/SBC-closes-AT38T-acquisition/2100-1036_3-5961206.html

        • calvin200

          Guessed as much

  • Goblin Shark

    The sooner the better, but in truth even with the merger there’s a good chance they’ll fail and we’ll only have AT&T & Verizon left

  • bourgeois

    Cam, I am a big fan of this website. I visit daily and enjoy your work and reading through all the comments. I’m all for you making money through advertisements, but the ads are getting so bad I cannot access this site on my iPhone. There is no way to close the large pop-up ads on the safari mobile browser. Is there anyway you can tone it down or at least make sure the ads are compatible with mobile devices?

    • bourgeois

      Same ads on phonedog.com. How annoying.

    • bourgeois

      Same ads on Phonedog. How annoying.

    • bourgeois

      And Pocketnow….

      Cam I realize this is likely not your fault and out of your control, my appologies. Hope this gets fixed soon and the marketing person in charge moves on to another job.

    • xmiro

      easy hit refresh

    • Bob

      Sam here! I refreshed a half dozen times and the ad comes back every time. I can’t come to the site on my phone or tablet until these ads stop.

      • randian

        I’m more annoyed by the spam ad posts that keep hitting TMO News.

        • thepanttherlady

          Ugh! You and me both. I wake up to many posts that I need to go in and delete. Don’t know why all of a sudden they’re slipping through but it’s gotten pretty annoying. :|

    • Jonathan Gonzales

      Agreed. I cant close the ads and refreshing doesn’t help. I’ve been getting by with dragging to highlight the entire page and using that to scroll the page and view content, otherwise I wouldnt be able to view or read anything at all…

    • bill mayor

      Some days the mobile full screen ads on TmoNews.com won’t allow you to close ad, therefore I can not nagvigate anywhere on TmoNews.com, thus leaving the site until the following day.

  • xmiro

    The 800Mhz T-Mobile will get is about the only reason I’m mildly for this

    • NorCalOffspring

      That would be a dream come true :)

    • gadget_hero

      I’ll one up you they (T-Mobile) have 700MHz via a Verizon purchase and are in talks with others to get more.

  • Adrayven

    My understanding was when T-Mobile became it’s own US company, and to the US stock market, that DT would have to sell all shares at once if they wanted out.. they couldn’t do a partial sale..

    and it’s odd that we keep seeing a repost of this EXACT thing every month.. ‘details’ being worked out.. I smell a rat trying to keep the wheel going.

    • turtle6988

      That only for 18 months. 14 months down and 4 to go

  • Adrayven

    I’ll be leaving for Straight talk / ATT MVNO most likely when it happens. Fair certainly prices will rise, contracts come back, and service will drop.. The end result will be a debt laden company, with little funds to participate in spectrum auctions and no way to truly compete as they basically cover the same regions! Pffffff.. Certainly no way such a debt laden company could possibly keep a-float with T-Mobiles lean moving.. End game.. a crap move.

    • xmiro

      …. pets will die, corn will rot, wheat will grow thin. And eventually we’ll all starve

  • haru280

    if tmobile and its uncarrier moves do not stay. i will be jumping ship to verizon. After the recent consumer report, Tmobile has been named #2 carrier in the usa… now does it really make sense for the DEAD LAST CARRIER to buy the #2 carrier. IDC how much money a company has or how many companies you own. if you dont have a good reputation in your current situation or you have record numbers of customer losses, what makes you think buying Tmobile is a good option. your excuse is ” if you cant beat them, buy them out?” i rather see verizon or google buy out tmobile before a crappy sprint

    • ” J.D. “

      I’M WITH YOU !! – Please read my prior comments below I think you’ll enjoy them .

      • haru280

        i feel like we few customers have the only common sense about the problems it could cause. either way you look at it, quoting from a past petition “if the NewCo moves everything to GSM or CDMA there will always be a monopoly of a certain type of newtork” Do people really want Verizon to monopolize CDMA or ATT monopolize GSM? LOGIC PEOPLE… and if this so called merger happens, what will happen to all the good things that tmobile has done… the way i see it Softbank will toss all of it out the window

  • Jack Paschke

    Honestly I would like to see spring customers be transitioned over to T-Mobile like Metro PCS customers were. Then Sprint can slowly decommission their network and T-Mobile can have access to Sprint’s spectrum and towers. I think this makes the most sense from a network and marketing perspective. T-Mobile can keep going with their successful marketing strategy of pushing a “Data first” network, and have real infrastructure and spectrum to pull that off.

    • vrm

      right, all that money so they can chuck everything they have ! I bet you would want Son to be canned too, huh ?

      The only thing sprint wants from this is to stop the bleeding of customers but I SERIOUSLY doubt that it will achieve that. In fact, it will have the exact reverse effect because customers will be fleeing left and right after they see the merger quagmire unfold.

      But that is ok because sprint will have a bigger pool of customers to lose from. And they hope to eventually reverse the tide when their buildout is complete.

      t-mobile is roadkill for them and that is exactly why DT is hesitating. They like cash but they do not want to throw t-mobile into the wood chipper.

    • Marvin Lilmarv Bolden-Mitchell

      NOT ! ! why is sprint continue to join all the regional wireless together for LTE ROAMING SPRINTS cdma isn’t going anywhere

      • xmiro

        they are going, the future is VoLTE which T-Mobile is deploying now. And CDMA is dead technology, the world runs on GSM

    • xmiro

      Sprint customers will most likely be transitioned to the T-mobile network. CDMA is not only dead, SoftBank customers travelling from Japan cannot roam on Sprint but can on T-Mobile

  • vrm

    Song remains the same- japanese media and “rumours” from analysts/W.S. hos but NEVER an official acknowledgement from either of the offending parties, especially none from t-mobile so far about a sprint merger.

    Been hearing since december ’13 the same thing about a verbal agreement without specifying the actual terms.

    Not sure why DT doesn’t want to make it official. But I am glad I switched to at&t- the uncertainty bothered me more than t-mobile’s network.

    • Chardog

      Nobody’s going to say anything unless and until they’ve dotted all the I’s and crossed the T’s to cover every possible eventuality of whether or not the gov’t entities will approve the deal. Not going to give any of my energy to speculation this one… Been around the block with the uncertainty of the AT&T merger. Whatever happens, happens, for better or worse…

      • Cornelius Hardy

        What if t-mobile did these deals on purpose. Pretend you want to sell but really you know FCC won’t approve and you just want to score some free cash and spectrum. No need to announce to customers since you know the deal won’t go through. Not that this is the case but would be smart.

        • humpfh

          I have to confess I’ve wondered if that’s Legere’s strategy all along…

      • Clevenger23

        So what are you going to do about AT&T and Direct-TV becoming one company? you don’t think that is a good thing i hope.

  • notyourbusiness

    I’ve said it before and I’ll say it again. I want nothing to do with Sprint’s network. The fact that a friend of mine gets little to no service in his own home on Sprint cements that for me.

    • calvin200

      Every carrier has stories like these. I have Sprint and I have coverage in my friends house who has Verizon. We get it, but it’s all situational. Just make the best choice for your situation.

    • Clevenger23

      also they wont be using sprints network. they will use sprints LTE network, but the CDMA and older technologies will be turned off. not right away but still. the overlapping 3G areas can make room to have some towers turned off to save money and then more LTE built. the LTE network that Sprint has is very large and that can be instantly combined by most phones. depending on which CH. your phone supports. but a lot of the phones work on both networks, as far as the LTE goes, so not much to worry about there. those on Sprint though will not see much of an increase in service because T-mobiles Voice network is not compatible with Sprint phones. And Vise Versa. BUT the LTE is.

      • Jerimiah Kent

        The problem with that is Sprint has NO LTE network. Sprint has WiMax and that is not compatible with LTE. Sprint stated last year that they would start investing in LTE but that hasn’t happened.

        • Clevenger23

          Wrong sir. They do in fact have lots of LTE. they do have some WiMax but they stopped early on. In northern Indiana sprint has all LTE. I have friends on sprint around here. Actually better service then my T-Mobile in some areas. But their LTE is slower then T-Mobile LTE.

  • Telekom

    Part of me does not the merger to go through…but alot of us wanted a company like Google to buy out T-Mobile…. well guess what…. Softbank has more money and resources than Google…. Softbank has DEEEEEP pockets…. so if Softbank buys T-Mobile….combines it with sprint…. kick the sprint name out and its board of directors…. let John Legere Run the show… I think we would have a good solid company… the reason they have not invested with Sprint is because they don’t want to waste money because they have doubts… they rather expand… once they acquirer T-Mobile… i bet you they are going to invest a lot of money to be the best and move all that specturm…. they came to the US market for a reason… Failure is not a option and for the record … they only got 8 banks to finance the deal just so they don’t use there own cash…. just for security ..kind of when you buy a car… you know you have the money to pay cash..but you rather just keep in they bank if you get a good interest rate………. Just my opinion

    • gadget_hero

      Softbank does not in fact have deeper pockets than Google FYI, as of 2012 according to reported number Softbank has 4.899 Trillion Yen ($50BN USD), where as Google has assets of $110BN USD. Plus Google has more yearly revenue/operating income.

      • Jay J. Blanco

        Exactly why is softbank financing this merger. Their creating rating is junk anyways

        • Clevenger23

          same reason why people who have enough money in the bank to buy a car in cash finance one. just so they don’t have to use their own money and use that money for something else.

    • robertkoa

      We will have no more Metro PCS and the NEW COMPANY will have higher rates.

      Less competition =higher rates.

      Less Competition= no incentives for Carrier to have lower rates, TRUE UNLIMITED 4G etc.

      Is your Cable Bill going down ?

      Is it so low that you feel guilty about having so many channels so cheap ?

      And if your Cable Bill is too low, or high you can just switch to ANOTHER cable company ?

      Oh there is only 1 Cable Company in your area ?

      Oh , and the bill changes every month because promo ZVN ended ?

      You may not want any more mergers….from something as universal and important as Cell Service..

      • Cornelius Hardy

        Exactly how I see it. I don’t pay for tv at all. Rediculously high just to rot your brain. Do that for free online or with an app to watch and download shows.

      • Clevenger23

        still have 3 majoir carries to compete with here. they will start fighting left and right. right now they don’t have to, AT&T and Verizon are just peachy with the billions they rake in. but if someone starts to pick their customers off by the millions then they start a war and guess what, prices drop. If you let t-mobile and sprint die, then AT&T and Verizon jack up prices and say, “oh you want service, I want your family fortune.”

    • Cornelius Hardy

      I wouldn’t want google to buy tmobile either. They’d probably only sell android phones and I’d have to go someplace else to get a windows phone. No company ever buys one company and makes it better. It’s mostly always to get rid of the competition. The company stays around for a little bit but eventually closes. What we have now with t-mobile would never be the same with someone else. Doesn’t matter if Legere is here or not. He probably loves t-mobile but in the end when sprint says we are closing down tmobile. Hop over to sprint ir be out of a job. Do you think he will take one for the team?

      • Clevenger23

        Soft Bank already said they will drop Sprint if the merger goes through. i swear no one reads anymore. If the deal makes it, then the Sprint name will be gone and T-Mobile will be the name of the new company. There was one other option of a new name all together, but i doubt they will do that. They said the reason is because Sprint’s name has a bad rep so it will be better to drop the sprint name.

        • Cornelius Hardy

          Dropping the Sprint name doesn’t mean T-mobile won’t change. You can still be Sprint with a different name. It’s been done before. Everything that we love about T-mobile would probably change even though it supposedly still called T-mobile.

  • pops87

    I’m going to be so bummed if I lose my unlimited data.

    • Clevenger23

      grandfathered in…. just like in old mergers. as long as you have it and don’t change your plan…. I wish I still had my unlimited plan from AT&T but i left them years ago
      when they change my plan with out notice because they said i was using too much data….. I was Traveling for work and used comcast on my phone to watch TV because the TV in the Hotel was worthless and all fuzzy. i used about 40GB on my phone with no tethering but they said it was too much and change my plan and said i could never get the unlimited back. so i left them at that time for verizon.

  • Rick Rudge

    I’m used to seeing mergers where they buy up the competition, use what they need, combining usable resources, and sell off the rest. I have no reason to doubt that SoftBank/Sprint will do anything different. Then there’s the paying off the debt of the original purchase. They might or might not keep the T-Mobile name (it’s doubtful) and they might keep Legere on to sweep the floors, but that’s up to them.

    • Clevenger23

      They have already said that they will keep the T-mobile name dropping the sprint name because of sprint’s bad rep.

  • donnybee

    I can’t believe how bad the ads on this site have gotten. I wanted to read this article last night, but couldn’t because the full screen ad made it impossible to see this page. Now I’m on a PC and am able to read it, but come on.. If it’s not made for mobile or mobile-friendly then how many readers do you plan to keep?

    At what point will you guys say that your page is more important than the ads? The ads are starting to make it LITERALLY impossible to read this site. I refreshed as many times as I could before I gave up. Tried Chrome and Safari, both the same problem because the site is becoming the problem. I’m not going to go out of my way to read this site, I’ll just find a user friendly site to visit if this is the case.

    • guidomus_maximus

      I couldn’t read the ‘network stalling’ article because I couldn’t get past the ads.
      Web page was stalling! LOL

      • donnybee

        Hahahah classic!

    • Craig

      No way to install ad-blocker on iphone? Ad-blocker on my android makes this site usable for me.

      • donnybee

        Yeah, as far as I know there isn’t a way to install it on the iPhone. I have it on my PC, which is why I’m still able to stomach this site from work haha

        Too bad the ads have been actually hurting the functionality of this site. That means ad-blocker is really one of the only ways to make this site work.

        • Craig

          That’s unfortunate – I do remember those full page ads on my android before i rooted and installed ad-block – they were maddening! Hope they can do something to make them mobile friendly or get rid of them altogether.

    • Cornelius Hardy

      pretty sure ads is what keeps this page going. It’s free for you to read all of the news, but time consuming for someone else to get it and type it all. As is how bloggers and such make money. For all we know, this is their day job. In response to the article, I hope the FCC says no, so t-mobile can get more cash to expand more networks. I don’t want to be a sprint customer again.

      • Clevenger23

        if that happened then Dish Network will buy T-mobile and then it will really suck. they may have spectrum to use, but Dish network is HORRIBLE with customers.

    • Richard Finzel

      I bet that is also part of why David left the site. The ads were never this bad when he was the admin of the site.

    • Mike

      I don’t have a problem with ads, as they help keep the site going. The problem is when they start to make the site unusable, especially when there are two ads overlaying the page, for each page I go to read. Losing readers to over-done ads also won’t pay the bills either.

    • Moses JC

      For me it’s the writing & the reporting. It’s hard because Cam is following a better writer & reporter. It’s not that he’s bad he just isn’t nearly as good.

    • Mschmal

      IF you use Firefox or Chrome, there are extensions that block ads.

      • Clevenger23

        the one AT&T ad got through my adblock on google chrome the first tiem i had to reload and then it blocked it.

  • Alex Zapata

    *yawn*

  • HothTron

    Guess i’ll just go back to Verizon and get better coverage

  • VegasSmitty

    Verizon’s beginning to looking better everyday.

    • Clevenger23

      and more and more expensive everyday.

      Want 5 lines with 10GB of data so when your kids watch youtube we can charge you by the Mb

      • markx

        Keep your stupid kids off of YouTube.

        • thepanttherlady

          That’s pretty rude and uncalled for.

        • Clevenger23

          That was more of an example. I don’t have kids. All five lines are family members. Wife, brother, couple sister in-laws. So hey keep your hate to your self

  • dantanna

    Two shitty companies with horrible customer service and pathetic networks. What a great corporate merger. Verizon here I come.

    • Jay J. Blanco

      troll

      • dantanna

        Drink the kool aid stupid

      • jeremyvbk

        Just as much of a troll as any Magenta fan, Sprint fan, ATT fan, or Verizon fan, Differing views do not mean Troll.

        • Tony Chen

          There are sprint fans left?

    • xmiro

      ok, when you leaving?

    • TechHog

      Saying “here I come” only works when you’re not already there.

      • dantanna

        Sorry that your crappy credit keeps you on tmo prepaid. Don’t hate those that have credit and don’t have to put up with shitty, spotty service.

        • Clevenger23

          I have very good credit and I am with t-mobile because i use the unlimited Data. with 5 phone lines and paying $500 a month to verizon and only getting 10GB to share, that is not even close to enough. I use 10-15GB on my line alone. last month all five lines added up to about 30GB. why should i have to pay Verizon almost a grand for that when i can pay $280ish a month and have unlimited? and this merge would give me more LTE in the areas that I travel through that i only get 3G right now. Even at 3G though i am getting 5-12MBps depending on the area. Verizon LTE in this same area I was lucky to get a max of 10Mbps. In the Metro right next to me, about 15Mbps where as T-Mobile LTE is 30-55Mbps. i almost fell over when i saw 55Mbps but still.

        • dantanna

          Understand this simple fact. Unlimited data is soon dead. Because of data Hogs like you. Idiot.

        • Clevenger23

          Hey idiot you should realize that now a days people use the internet more and more. And getting more information. Sites are more demanding. And now with mobile video when you are away. Unlimited does not go away because people use it, it goes away when CEO’s get greedy. Verizon and AT&T could very easily give unlimited data but they would lose the money from suckers like you

    • Captain (African) America-n

      I just don’t understand how someone that doesn’t like T-Mobile would take the time to read this article and leave a snotty comment… you must not have anything better to do

  • Tulio M. Mesa

    there realy isnt any point in the merger to go through, when the maps overlap they pretty much cover the same areas

    • calvin200

      That’s savings from overlapping stores and coverage could build a lot of towers elsewhere.

    • Waterpig

      Sprint has better call and data coverage outside of metro areas. T-Mobile is faster within the metro areas.

  • Kevin Trammell

    Hey sprints great in the areas that it does cover… my s5 with spark is faster than at&t and verizon in my area… just cause it doesnt work in your areas you live in doesnt mean its a shitty service. Cause if so verizon would be a shit service to me cause it have alot of dead spots in my area.

  • Eric

    I guess I am switching to Verizon then. Sprint is a deal-breaker for me. Still, I will wait a bit to see whether the deal falls through.

  • Clevenger23

    stop compering the 3g maps to each other and compare the LTE maps. then you have a huge reason why they should merge. the LTE coverage would expand tremendously.

  • Aaron Gooch

    Why would I stay. With T-Mobile they lied about the return policy. I’m on my 2nd replacement device. I have to call again and get another one they sent another defective phone this time its used. I had to reboot my phone to get my keyboard to even show up to type this. I have to reboot my phone 20 to 30 times a day because this phone over heats. The android version on this phone is garbage and I’m stuck with it. I have wasted hours. And hours with this company and hearing they get to keep control of sprint after the purchase is like rewarding bad behavior. T-Mobile is the worst company I have ever delt with. And will have to deal with till my phone is paid up. Then I’m leaving. The next call I’m going to ask is. I’m switching companies to att. And I want to continue paying my phone off and jump so I keep my warranty but I get a company that’s honest in there dealings.