• T-Mobile, Sprint reportedly close to signing merger deal

    1 month ago - By CBR

    T-Mobile US and Sprint Corp are close to agreeing on merger terms by the end of October.
    SoftBank, controller of Sprint, is expected to own between 40% and 50% of the combined company. Whilst Deutsche Telekom, T-Mobile owner is epexted to have a majority stake in the expected merger, according to Reuters.
    The merger is in the initial stages of being confirmed, whilst both companies still look to agree on terms. Once term details have been finalised, due diligence from both companies will follow.
    T-Mobile has been considered a takeover target previously, as AT&T attempted to takeover the...
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  • Exclusive: T-Mobile, Sprint close to agreeing on deal terms - sources

    Exclusive: T-Mobile, Sprint close to agreeing on deal terms - sources

    1 month ago - By Reuters

    T-Mobile US Inc is close to agreeing tentative terms on a deal to merge with Sprint Corp , people familiar with the matter said on Friday, a major breakthrough in efforts to merge the third and fourth largest U.S. wireless carriers.
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  • T-Mobile and Sprint are popping after reportedly closing in on a merger deal

    T-Mobile and Sprint are popping after reportedly closing in on a merger deal

    1 month ago - By Business Insider

    Sprint and T-Mobile are reportedly moving closer to a merger, and both stocks are rising on the news.
    T-Mobile is up 1.45% to $64.32 in early trading on Friday, and Sprint is trading 4.86% higher at $8.42.
    On Friday, Reuters reported that T-Mobile is closer to agreeing to the terms of the deal, a step the report calls a "major breakthrough." A possible deal is expected by the end of October, as the two companies would go through a period of due diligence before finalizing the deal. The deal is not final and could still fall through.
    The two companies rose earlier this week on news of the...
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  • T-Mobile, Sprint Reach Breakthrough On Potential Merger

    1 month ago - By Phone Scoop

    T-Mobile and Sprint have made significant progress in ironing out merger terms, according to Reuters. T-Mobile and Sprint have made a "major breakthrough" on a merger between them. As it stands, SoftBank, Sprint's parent, would own between 40% and 50% of the combined company, with Deutsche Telekom, T-Mobile's parent, owning the majority stake. These terms are near final and will require due diligence before a deal is announced, which may happen as soon as the end of October, according to Reuters' sources. In addition to shareholder and board approval, the deal would face regulatory...
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  • T-Mobile and Sprint could announce their merger in October

    T-Mobile and Sprint could announce their merger in October

    1 month ago - By The Verge

    T-Mobile and Sprint's on-again, off-again merger talks may be nearing a conclusion. Reuters reports that the two companies are now “close” to reaching “tentative terms” on a 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 combined 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 .
    T-Mobile / Sprint's subscribers would rival AT&T's and Verizon's
    Those terms are a big flip...
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  • Report: T-Mobile & Sprint Closing in On Terms for Merger

    1 month ago - By Android Headlines

    T-Mobile and Sprint have supposedly been in talks to merge for quite a while now. After dropping talks a few years ago, the companies began talking once again after the quiet period following the Incentive Auction ended (carriers were not allowed to talk about potential merger and acquisitions during that time, as it would be unfair to other companies in the auction). Now, talks have gained momentum, and according to Reuters, the two companies - and their parent companies - are close to closing a deal. Obviously, this deal would still need to go to regulators for approval, but if the deal...
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  • Exclusive: T-Mobile, Sprint close to agreeing deal terms - sources

    1 month ago - By Reuters

    T-Mobile US Inc is close to agreeing tentative terms on a deal to merge with peer Sprint Corp , people familiar with the matter said, a major breakthrough in efforts to merge the third and fourth largest U.S. wireless carriers.
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