T-Mobile and Sprint could reach merger agreement as soon as next week

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Remember a couple of weeks ago when we heard that T-Mobile and Sprint were in merger talks again? Well it sounds like the two are working to get their deal done in a hurry.

T-Mobile and Sprint have made progress in their merger talks and aim to complete their negotiations as soon as next week, say sources speaking to Reuters. Those sources went on to caution that there’s no guarantee that a deal will be reached.

Deutsche Telekom and SoftBank, the majority owners of T-Mobile and Sprint, respectively, are said to be considering an agreement that’d dictate how they exercise voting control over the combined T-Mobile-Sprint. This would let DT consolidate the combined company on its books even if it doesn’t have a majority stake.

DT and T-Mo are also said to be finalizing the debt financing package that they’ll use to fund the merger.

This latest round of merger talks mark the third time that T-Mobile and Sprint have talked about combining. The two came close to a deal in late 2017, but SoftBank CEO Masayoshi Son pulled out of the talks at the last minute. Now it sounds like the two companies are once again close to coming to an agreement on a merger, but even if they do, the deal will need regulatory approval before it happens.

Thanks, Brendan!

Source: Reuters

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  • Brenden Morris

    Thanks for the shout out! Appreciate that! I used to work in T-Mo retail a few months ago. I Definitely try to stay in the know.

    • Brandon

      What is your opinion on this matter?

  • jj201367

    Uh oh this doesn’t sound good

  • Hurlamania

    Why would DT coincide a majority when they have the advantage spirit is coming to them after DT told them they were keeping control last time.

    • Anthony Joseph Gomes

      because masayoshisans massive overweaning ego demand it be so. remember the first offer sprint made. it was to buy out tmobile for 40 bucks a share when the stock was selling at almost 60 plus a few other things that would have been basically worthless to tmobile. the guy is a goddamn weasel and as i see it tmobile is in the drivers seat and should deal from a position of strength only.

  • Me

    If they must merge, hopefully the Sprint brand and all related marketing just gets buried / retired for clarity’s sake, it had a good run but now is just an embarrassment these days anyway.

    • Anthony Joseph Gomes

      thats not the way its done. and so far the talk is with masayoshisan and sprint having some control. take away the sprint logo and you have to ask yourself control over what?

  • Audio

    BOO!

  • Sharti24

    Tmobile called Sprints bluff last merger attempt. Now Sprint will accept the last merger proposal because they’re desperate

    • Anthony Joseph Gomes

      tmobile publicly stated terms on this deal? i was unaware of this. i thought the deal died behind closed doors.

  • Brandon

    If Sprint is the majority of anything of this deal, I’m OUT. I don’t trust any of Sprint’s management at all. They r the reason that Sprint is at deaths door. Poor decisions after terrible decisions.

    • Anthony Joseph Gomes

      legere is doing a good job. tmobile would be stupid to relinquish any control from him to masayoshisan. you are quite right

  • Philip

    Oh no. I hope someone can stop this. We need competition to bring the rates low.

  • pda96

    With ATT and VZ under investigation for conspiring to screw consumers on the eSIM, maybe the gov’t will put a stop to this potential merger between TMO and Sprint. Otherwise, we are screwed if they merge.

    • Cory

      Hahhahahahahahahahhaahhaahahaif you think the government will block this deal. Under this administration.

      • Anthony Joseph Gomes

        this administration is trying to block the ATT TWX merger. this one would actually be against the law as it is a horizontal merger that reduces competition in the industry and turns the 4 largest telecoms into 3. read the sherman antitrust act.

        • Cory

          You do realize that the main reason that they are trying to block it is because of Trump’s grudge against Time Warner for CNN’s coverage correct? This has been widely reported. Do some research.

        • Francisco Peña

          “This has been widely reported.”

          by who.. CNN? TW media? lol

        • Jason

          It’s been reported by nobody. Welcome to fake news from a dude who talks about comic book characters, mild liberalism, and general I-live-in-my-mothers-basement type asshattery for years and years :-P We think he’s British too. There may be a connection :-D

        • Cory

          Google it.

        • dtam

          Trump and Legere have tweet beef too so…

        • Jason

          It has absolutely nothing to do with Trump’s position. You have an amazing ability to simplify things to meet your level of stupidity . You might want to go read the Justice Department’s filing in Federal court against the merger. You will find Trump mentioned nowhere and a fully cogent summary as to how there is a tangible and illegal reduction in competition. Same conditions exist here. It will be rejected.

        • Cory

          Try and understand politics. Educate yourself

        • Jason

          You dont understand politics anymore than you do anything else. 5 years of posts about comic books, Sprint, and stupid British insults? LOL You’re kind of a nerd dude. And not the smart kind. Go read the filing in federal court and then come back and tell us what you found out.

        • Anthony Joseph Gomes

          i do realize that that rumor is out there and i do realize ATT tried to stop the DOJ from filing because of that reason they were denied as it was considered an unproved accusation. why dont you take some of your own advice and do some research yourself before you shoot your mouth off again and make an ass of yourself.

        • The One

          The ATT and TW merger has a different layer of complexity since they don’t both compete in the same regions today and TW also has ownership of the content that is created (TNT, CNN, TBS, etc).

        • frankinnoho

          And Masa Son has agreed to rent a floor in Trump Tower in perpetuity.

        • Anthony Joseph Gomes

          i dont know about this different layer of complexity stuff but i do know the burden of proof lies heavily with the plaintiff in such cases to prove that it will disrupt the market. look at sprint’s lame marketing strategy of giving their product away to gain market share. this is a clear violation of the sherman antitrust act(price fixing) which if ATT or VZ did they would get slammed for but sprint is allowed to do it because they are so laughably irrelevant. think of sprint as the ugly little sister and tmobile as her last chance to get married off.

        • Cory

          You should do some research on the real reason they are trying to block the TW merger. And if you think Republicans actual care about the Sherman Act your delusional

  • Sayahh

    God dammit…

    • frankinnoho

      … yeah

  • Francisco Peña

    Friends don’t let friends go to Sprint.

  • The Swami

    Sprint is horrendous. This is fact. There are cheaper and better ways of getting more spectrum and customers than taking on this whale.

  • vplaza

    Booooo!

  • Cancer is growth, too.

  • Jason Caprio

    If T-Mobile and Sprint merge, that will be the end of competition. Verizon, AT&T and T-Mobile-Sprint will be a TRIOPOLY. Prices will increase across the board with all 3 carriers. This will NOT be good for the consumer. Luckily for me my work pays for my Verizon lol

    • Sharti24

      I would like the merger to happen. More customers for tmobile as well as all that spectrum coming from Sprint. Tmobile will never compete with Att or Verizon as they currently stand

      • The One

        Hopefully, sprint will finally switch from CDMA to GSM and then we can all use their spectrum for enhanced voice coverage.

        • Bklynman

          Never mind

      • dtam

        I don’t think it’s great if all 3 major carriers are about the same size. There’s less motivation to get new customers which means higher prices. Having smaller major carriers force pricing wars

      • Jason

        Stop being a shill for illegal competion reducing, job killing mergers you silly stooge.

      • frankinnoho

        Wow! “… Tmobile will never compete with Att or Verizon as they currently stand.” How incredibly stupid is that statement! They’ve been competing just fine against ATT and Vz. How will adding a bunch of low credit, deadbeat Sprint customers make them more “competitive”?

        • Sharti24

          So you think Tmobile is on Att or Verizons level? Do you know the net worth of all 3 companies? Verizon and Att have double the amount of customers and are worth a lot more for a reason

    • Android_God

      This is the stupidest f****** thing I’ve read on the internet in the history of the internet

  • Anthony Joseph Gomes

    its possible that they could. maybe. we just dont know. print it.

  • Francisco Peña

    As long as Sprint and Softbank, sit back, and get the Jonnyboy Bukkake on their face.. there is no reason they should be anywhere close to a leadership/majority stake.

  • frankinnoho

    One thing everyone forgets in the T-Mo/Sprint merger talks are all the wonderful competitive advantages and network synergies Sprint brought to the Sprint/Nextel merger!!!

    What’s a Nextel you say? Exactly!

    • S Dot

      LOL

  • Joe2050

    Expect higher prices, bad customer service, less innovation, and less competition for your business as they know you only have 3 to choose from now.

  • Android_God

    Side show John the Carnival Barker is aboutis about to pull his Golden parachute and move on to his next Carnival show.

  • Anthony Joseph Gomes

    rumor now is sprint gets paid $6.50/share and masayoshi still has some control. high chance this kind of horizontal merger will get axed and if tmobile has to pay sprint an upfront holding fee its money down the rathole tmobile cant afford to waste. sprints network is crap compared to tmobile. if i was tmobile i would offer softbank 4 bucks a share. sprint needs tmobile a hell of a lot more than tmobile needs sprint.