Welcome, visitor! [ Register | Login

T-Mobile and Sprint’s merger deal could close in October

Uncategorized September 22, 2017

t-mobile-sprint-merger-ideal-classifieds

T-Mobile and Sprint’s merger talks after a long on-again, off-again may be nearing a conclusion. According to Reuters reports that the two companies are now “close” to reach “tentative terms” on merger and could announce a deal by the end of October.

The merger would reportedly give T-Mobile’s owner, Deutsche Telekom, a majority stake in the merged company, while Sprint’s owner, SoftBank, would have somewhere between 40 and 50 percent. T-Mobile CEO John Legere would lead the combined company, according to Reuters.

Merger terms are very different from what SoftBank had envisioned when it first proposed a merger several years ago. At the time, T-Mobile was struggling, and Sprint was looking at absorbing the then-tinier carrier. In the years since, however, T-Mobile has revitalized its business with aggressive promotions that undercut Verizon and AT&T, and moved up above Sprint, which is now the carrier desperate for attention.

The deal never happened years ago because, under Obama, the FCC was pretty clear that it wouldn’t be approved due to concerns about market consolidation. But with the Trump administration, that’s no longer a worry. It’s pretty much a sure thing that the merger would go through.

Reuters says the combined company would have over 130 million subscribers, barely behind AT&T and Verizon. At the end of last year, AT&T had close to 135 million subscribers and Verizon had close to 146 million.

There’d been some discussion of Sprint potentially ending up with other companies, including Charter or a joint venture between Charter and Comcast. It’s not entirely clear why that fizzled out, but it’s possible Sprint was trying to make negotiations harder for T-Mobile, which always seemed to be Sprint’s most interested suitor.  
Please follow and like us:
20

   

59 total views, 1 today

  

Sponsored Links

One Response to “T-Mobile and Sprint’s merger deal could close in October”

  1. Nice

Leave a Reply

  • Much awaited Google, Levi's smart jacket finally going ON SALE!!

    by on September 26, 2017 - 0 Comments

    Google and Levi Strauss has partnered to make a smart jacket with fully loaded features. More then a year it was announce and two years after the demonstration was made public. Since then people were waiting for this jacket to hit the market and finally its here now. This denim jacket branded as “Levi’s Commuter […]

  • Equifax executives out after consumer data breach

    by on September 17, 2017 - 7 Comments

      An Equifax hack exposing up to 143 million credit records; mobile malware (malicious software) that targets early versions of Android Oreo; and new “phishing” scams affecting WhatsApp and Facebook Messenger users. The data theft, first reported last week, caused outrage among consumer advocates and lawmakers who demanded answers on how this hack happened. On Thursday, the Federal Trade […]

  • iPhone X, iPhone 8 and 8 Plus Launched: Wireless Charging Introduced

    by on September 13, 2017 - 2 Comments

      Finally after months of rumors  the new iPhones are finally here. Apple launched three new versions of iPhone series: special-edition with edge to edge display iPhone X, a larger display 5.5-inch iPhone 8 plus and iPhone 8 – the successor of last year’s iPhone 7. These new iPhones can be preorder on Friday, Sept. 15, […]

  • Amazon mistakenly sends baby registry emails baby gift even to non-parents

    by on September 20, 2017 - 0 Comments

      What will you do if get an email notification from one of the world’s top-most e-commerce for a baby gift on the way for you even if you don’t have any child? This happened on Tuesday, Amazon caught a handful of customers off guard  by sending emails informing them of purchases that were made from […]

  • T-Mobile and Sprint's merger deal could close in October

    by on September 22, 2017 - 1 Comments

    T-Mobile and Sprint’s merger talks after a long on-again, off-again may be nearing a conclusion. According to Reuters reports that the two companies are now “close” to reach “tentative terms” on merger and could announce a deal by the end of October. The merger would reportedly give T-Mobile’s owner, Deutsche Telekom, a majority stake in […]