WSJ: Sprint and T-Mobile Have Agreed on Terms to a $32 Billion Deal
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Posted June 4, 2014 at 11:24pm by iClarified
The Wall Street Journal is reporting that Sprint and T-Mobile have agreed on the 'broad terms' to a $32 billion deal, but are still working toward a final agreement. Under the agreement, Sprint would acquire T-Mobile for around $40 a share in a deal that could happen early this summer. The deal could still fall through however.
A deal would face strong opposition from regulators and a lengthy antitrust review, and Sprint would pay T-Mobile more than $1 billion in cash and other assets if it is shot down, the people said.
T-Mobile's largest shareholder, Germany's Deutsche Telekom, would retain a stake of 15% to 20% in the new company, the people said. The deal would be worth around $50 billion including debt, the people said.
A Sprint and T-Mobile deal has been rumored for a while now, and if the two finalize such a deal, it will surely be met with regulatory hurdles, as it would make just three major carriers in the US: AT&T, Verizon and Sprint/T-Mobile.
Sprint is just doing what the other two super cell companies already did which is buy a whole bunch of small and a large company to become a cell super power. Except this one will offer good plans and have the advanced LTE finally. No more by those other two.
You guys are all wrong. And I mean all wrong. Why did tmobile service get better? They acquired metropcs, slowly shutting down their towers to put up theirs. With this merge, they will do the same with shutting down sprint towers and put theirs up. Tmobile also revolutionized the pricing on the billing. This will be great for current tmobile customers as their reception will strenghtens but we will all have to wait for a long time for the take down transition of all sprint/metropcs towers to put up tmobile towers and experience the better reception. This is all true if the merge happens and will take 1-2 years for this to happen
The day my carrier changes and says sprint is the day I am calling and complaining repetitively to cancel my account and any money owed to be dismissed. My payment agreements are to tmobile USA, not sprint (there is a reason I left sprint for tmobile 4 years ago, I'm not going back to those pathetic assholes)
After reading all of the comments on this article I have to say I agree with everyone. Sprint is terrified as it should be and what better way to remove a threat than to throw money at it and own the threat. Sprint has had how many "come-backs" now? Not one of them a true comeback because they are always met with opposition, that which serves the public greater.
Someone made the comment about Sprint fighting the AT&T merger and yes you are right, Sprint had a shit fit. What makes this any different? Both companies remain stable and claim "we can't compete", but what the hell do you call the Un-Carrier movement or the Framily plan if not competition? Did it not spark a revolution in the industry? Did competitors not hastily respond with similar movements? So don't give me this bullshit about how they can't compete.
Sprint, go away! T-Mobile, carry on with the tremendous work you are doing, as you can see you are attracting the right kind of attention.
I'm calling on the FCC and the DoJ to stand up for this already over consolidated industry. Put an end to this hog wash now! Keep Sprint and T-Mobile as separate companies and shoot down this ridiculous merger. We need more competition to keep prices fair and we need our government to take the helm on this issue. Do not deprive the American public a 4th competitor on the false basis that these two need each other, we need to preserve what little we have left!
Sprint is such a crap company... i hope this doesnt go thru.. everyone i know who has sprint doesnt like them... just a company as a whole i dont agree with their values... T-mobile is such a better company
This merger wont go through as a fact because att merger didnt go through either and t-mobile made 4 billion dollars for losing the deal and same case here tmobile will make another billion just for singing paper work, CDMA phones can take a sim card as well to perform on a network just like verizon's CDMA but most of their equipment runs on sim cards for LTE.
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