Sprint is Preparing a Bid to Acquire T-Mobile

Sprint is Preparing a Bid to Acquire T-Mobile

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Sprint is reportedly preparing a bid to acquire T-Mobile U.S. and has already met with banks to make debt arrangements, reports Bloomberg.

Sprint Chief Financial Officer Joe Euteneuer and Treasurer Greg Block met with six banks to ensure the lenders would be ready with financing structures when Sprint decides to pursue a takeover, said three of the people, asking not to named because the discussions are private. Masayoshi Son, chief executive officer of SoftBank Corp. (9984), which owns about 80 percent of Sprint, is expected to make a formal bid in June or July, one of the people said.

Regulators have expressed concerns about the deal; however, Son and his team are building an argument that they hope will convince the FCC and DOJ to allow the acquisition.

How Sprint will pay for the deal is still being debated. The company would also have to take on the $8.7 billion in debt amassed by T-Mobile. Deutsche Telekom AG, who owns 67% of T-Mobile, reportedly wants as much cash as possible in the deal.

It's still unclear who would run the company; however, current T-Mobile CEO John Legere is said to be the learning candidate.

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Sprint is Preparing a Bid to Acquire T-Mobile

Sprint is Preparing a Bid to Acquire T-Mobile
StewartG - May 1, 2014 at 5:06am
I have Sprint and it's just fine. No need to pay those super expensive companies for less service. Plus I had T Mobile before and they sucked in customer care and are actually last place everything else. They had to come up with reasonable plans for a reason. ATT&T is garbage, expensive over priced and glorified garbage. Verizon is great too but too damn expensive so I hope this really happens and they purchase TMobile. Imagine the possibilities.
Begun - May 1, 2014 at 10:11am
I have read so many reviews and mainly coverage and overages is what the main problems are with splinter mobile. The employees did actually promise more lte towers but like the costumes said they haven't done it in years, and all the rip offs. I'm with you though on gayt&t and borizon, they are exactly they same and I heard employees at borizon rip you off to, it may not have been that bad for AT&T but yeah they suck. After seeing anything other carriers haven't do e, what could go wrong with tmobile. Oh and check speed, another lazy shit sprint can't fix.
StewartG - May 1, 2014 at 11:36am
Lol. Yes, unfortunately LTE has been an issue with me as well even where they say it comes in. However, all else is really good. They have that service that reaches further inside buildings in urban areas. Called spark I believe. A big win there.
Vic - May 1, 2014 at 1:34am
No thank you, I don't want sprint. If ATT couldn't buy tmobile why the hell would sprint be able to
Sam cum junk - May 1, 2014 at 1:25am
Wow, a lazy ass carrier who thinks they can buy a game changer on so many levels? They are in last place compared to any other out there, but this is just a way to save their asses over coverage, no greed elimination here.
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