Tag Archives: merger

SoftBank chief on failed Sprint/T-Mobile deal: “No Comment”

At the end of one of the most interesting weeks in wireless so far year, SoftBank’s chief, Masayoshi Son, fielded questions from reporters on the ordeal during the Japanese carrier’s Q2 earnings announcement. According to people in the know, his company backed out of its planned deal to buy a controlling stake in T-Mobile. This – of course – meant no merger between Sprint and T-Mobile. The … [read full article]

WSJ: Sprint, T-Mobile merger is off

“And there was much rejoicing.” The Wall Street Journal reports that Sprint has decided to give up its plans on merging with T-Mobile. According to its anonymous sources, both SoftBank and Sprint feel that winning the approval of U.S. regulators will be too difficult. Sprint had been working on a bid for T-Mobile for months while studying regulatory opposition. Officials at both the Justice Department and the Federal Communications Commission had signaled … [read full article]

French telecoms company, Iliad makes bid for T-Mobile [UPDATE x2: Rejected]

A fresh report today from the Wall Street Journal claims that T-Mobile US has a new suitor in French telecommunications company, Iliad. The company has allegedly made a buyout offer for the carrier, in an attempt to compete against SoftBank/Sprint.  During the earnings call’s Q&A section earlier today, John Legere stated that T-Mobile was looking at various options for growing … [read full article]

T-Mobile Q2 earnings call takeaway: We don’t need merger to succeed

By now I’m sure you’ve all read, digested and formed your own opinions on T-Mobile’s Q2 earnings report published this morning. To round it up, T-Mo’s executives went over the highlights in one of its usual live-streamed conference calls. Among the highlights were: Tablet sales in Q2 were 5 times that of Q1 2014 6.2 million phones sold, 93% were smartphones 80% of postpaid customers are now on Simple Choice plans $7.2 billion … [read full article]

WSJ: No rush for Sprint, T-Mobile merger announcement due to its public nature

Yesterday we read that any announcement of a T-Mobile and Sprint merger could be pushed back to September so those involved had enough time to prepare a robust case to put forward to regulators. Today, Wall Street Journal reports that there are many reasons for the purported waiting game.  In an enlightening article, it reveals code-names given to four parties and to the deal … [read full article]

T-Mobile, Sprint merger evaluation by FCC & DoJ could take at least 12 months if deal goes official

In an exclusive scoop over at Bloomberg it’s been revealed that Masayoshi Son is ready to play the long game when it comes to SoftBank/Sprint’s purchase of T-Mobile US from Deutsche Telekom. The site’s sources claim that the wealthy business man is asking banks to commit financing for a “longer-than-usual amount of time.” In response, the financial institutions are wanting higher fees, since they are expecting the deal to take a long time … [read full article]

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

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 … [read full article]

Reuters: Sprint getting close to securing $40B financing for T-Mobile deal

A report published by Reuters late last night claims that Sprint is close to securing the necessary finances for its deal to buy T-Mobile. Citing sources familiar with the matter, Sprint has lined up eight banks to fund the acquisition of TMUS. The debt package exceeds $40 billion and includes a bridge loan of roughly $20 billion from Japan‘s Softbank Corp to Sprint, as well as some $20 billion refinancing of T-Mobile’s existing debt, … [read full article]

SoftBank CEO: Less resistance from regulators on merger over the past few months

In an interview with reporters in Tokyo early this morning, Masayoshi Son, SoftBank’s CEO has been discussing the state of the U.S. market and the possibility of consolidation between Sprint and another carrier. He claims that over the past few months there has been new movement from regulators in regard to their feelings on any merger. Son believes there is less resistance now than there was at the beginning of the year, and … [read full article]