Tag Archives: T-Mobile Sprint merger

T-Mobile and Sprint’s merger is officially complete

Nearly two years after T-Mobile and Sprint first announced their merger, the deal is complete. T-Mobile says that it has officially completed its merger with Sprint to for the New T-Mobile. Also confirmed today is that with the close of the merger, T-Mo has completed its CEO transition. That means that effective immediately, Mike Sievert is taking over the CEO role of T-Mobile from John Legere. Legere will stay on as a member of T-Mobile’s … [read full article]

T-Mobile asks FCC for permission to operate on 2.5GHz band in Philadelphia

A new filing submitted by T-Mobile to the FCC this week has revealed the carrier’s desire to use 2.5GHz spectrum in Philadelphia. In an application filed with the FCC, T-Mobile says it’d like special temporary authority (STA) to operate on the 2570-2630MHz band in Philadelphia that’s currently licensed or leased to Sprint or one of Sprint’s affiliates. Sprint has already consented to T-Mo’s use of the spectrum. T-Mobile explains that this STA will allow it to test … [read full article]

T-Mobile confirms it’s financially prepared to close Sprint merger

The T-Mobile-Sprint merger continues to be in a bit of a limbo as it waits for approval from a couple more entities before it can officially close, but today T-Mo issued a statement to reaffirm that it’s ready to merge whenever those approvals come. T-Mobile said today that it’s financially prepared to close its merger with Sprint. This is based on its previously secured commitments for bridge financing and senior credit facility financing, subject to the … [read full article]

T-Mobile outlines what senior leadership team will look like after Sprint merger

Following T-Mobile and Sprint’s victory in court, New York and California dropping their opposition, and the CPUC issuing a proposal for approval, it’s looking increasingly likely that T-Mo and Sprint’s merger will happen. Ahead of that, the two companies have detailed what the senior leadership team (SLT) of the New T-Mobile will look like. In a letter to employees that was also shared with the SEC, T-Mobile CEO John Legere and COO Mike Sievert … [read full article]

California Public Utilities Commission issues proposal to approve the T-Mobile-Sprint merger

Hot on the heels of California’s Attorney General saying that he won’t appeal the ruling in T-Mobile-Sprint merger lawsuit, some more good news for the merger has come out of California. The California Public Utilities Commission has issued a proposal to approve the merger of T-Mobile and Sprint. The approval comes with “extensive conditions” that aim to mitigate any adverse impacts on competition and to protect consumers. The conditions that the CPUC have proposed for the … [read full article]

California AG Xavier Becerra will not appeal judge’s T-Mobile-Sprint merger ruling

Following New York Attorney General Letitia James’ announcement that she won’t be appealing the judge’s decision to allow T-Mobile and Sprint’s merger to go forward, California’s AG has now made a similar announcement. California Attorney General Xavier Becerra will not appeal the judge’s decision last month to reject the state AGs’ lawsuit against the T-Mobile-Sprint merger. Becerra announced today that the California Department of Justice has struck a┬ádeal with T-Mo and Sprint regarding their merger. … [read full article]

California utilities commission won’t make T-Mobile-Sprint merger decision until April 16th

T-Mobile has said that its merger with Sprint could close as soon as April 1st, but it’s looking like that may not happen. While T-Mobile and Sprint have secured most of the approvals they need to complete their merger, they’re still waiting to get the green light from the California Public Utilities Commision. The CPUC is the last state utility commission of 19 total that hasn’t voted on the deal, and as noted by Bloomberg, … [read full article]

T-Mobile, Sprint confirm updated merger agreement

Just as was rumored, T-Mobile and Sprint have now confirmed that they’ve updated their merger agreement. The new agreement includes an exchange ratio of 11.00 Sprint shares for each T-Mobile share, up from the original agreement of 9.75 Sprint shares. SoftBank, Sprint’s owner, has agreed to surrender 48.8 million T-Mobile shares acquired in the merger to the New T-Mobile, making SoftBank’s effective ratio 11.31 shares per T-Mo share. Sprint shareholders other than SoftBank will continue to … [read full article]

T-Mobile and Sprint reportedly close to new merger terms

We’ve heard rumblings recently that T-Mobile and Sprint may be working on new terms for their merger, and now it sounds like an updated deal could be close. T-Mobile and Sprint are said to be “close” to agreeing on a new deal and that they’re planning to announce it as soon as today. That’s according to sources speaking to the Wall Street Journal, who caution that the situation is “still fluid” and that the announcement could … [read full article]

New York AG James says she won’t appeal T-Mobile-Sprint lawsuit decision

Shortly after a judge rejected the lawsuit by state attorneys general trying to block the T-Mobile-Sprint merger, there was speculation that the states could try to appeal the decision. However, one of the leaders of the lawsuit has said that they will not appeal. New York Attorney General Letitia James said today that she won’t appeal the decision in the T-Mobile-Sprint merger case. Rather than appeal, James says she’d like to work with the carriers … [read full article]