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Sprint is Preparing a Bid to Acquire T-Mobile

Sprint is Preparing a Bid to Acquire T-Mobile

Posted May 1, 2014 at 12:12am by iClarified · 7846 views
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
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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.
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
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