Tag Archives: Sprint

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]

T-Mobile brand to remain if Sprint merger’s approved, $2B compensation if blocked?

You may be sick to the back teeth of analysis and speculation on the purported deal between Deutsche Telekom and SoftBank to merge Sprint and T-Mobile in to one giant carrier capable of matching Verizon and AT&T. But, some further rumor mill spinning took place today at CNBC. And – if true – it could see the success, or failure of a merger leaving T-Mo in a better state than it is now. … [read full article]

T-Mobile and Sprint users’ mobile data consumption soars above VZW/ATT

Over the past year, both Sprint and T-Mobile have made changes to their plans to make them more competitive, undercutting their main rivals and being more generous with mobile internet allowances usage. And it’s starting to pay off – for the consumer – if data collected by Macquarie Capital is anything to go by. In the first quarter of this year, T-Mobile users on average used over 2.5GB of mobile data each month, with … [read full article]

Bloomberg: John Legere likely to be CEO of combined Sprint/T-Mobile if deal goes ahead

According to yet another report mentioning the hot topic of the month – Sprint and T-Mobile merging – our enthusiastic CEO, John Legere is likely to remain in charge of the merged company. Bloomberg reports that as negotiations continue, and all the fine details are put in place, John Legere is becoming “increasingly” responsible “for the prospects of an enlarged company.”  John Legere, the chief executive officer of T-Mobile who’s known for wearing … [read full article]

Sprint, T-Mobile again rumored to be nearing a deal

According to yet another report, Sprint and T-Mobile a close to agreeing a deal to merge. Or, technically speaking, SoftBank – the Japanese carrier which owns Sprint – is close to agreeing a deal to buyout the majority of Deutsche Telekom’s controlling stake in the Magenta-flavored Un-carrier. Bloomberg reports that Sprint will offer around 50% stock and 50% cash for T-Mobile, leaving DT with around 15% ownership of the combined Sprint/T-Mobile company. The … [read full article]