WSJ: Sprint and T-Mobile Have Agreed on Terms to a $32 Billion Deal

WSJ: Sprint and T-Mobile Have Agreed on Terms to a $32 Billion Deal

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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.

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WSJ: Sprint and T-Mobile Have Agreed on Terms to a $32 Billion Deal

Leo - June 6, 2014 at 4:02pm
Sprint leave tmobile alone !!!!!!
StewartG - June 6, 2014 at 2:43pm
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 fucked in the a$$ by those other two thieves.
K - June 6, 2014 at 2:52pm
T-Mobile once did this years back so this "no more" thing already happened.
The truth - June 5, 2014 at 2:18pm
It's will be good for both company/people
The truth - June 5, 2014 at 8:32am
By the way. Don't freak out on CDMA. It will be all converted to gsm services ONLY. If u don't believe me, metropcs converted from CDMA to all gsm now. Sprint will not even deal with CDMA anymore as they went into huge debt transitioning from WiMAX to lte. THIS IS A NO BRAINER PEOPLE. This will be the best thing in the wireless industry ever happening. Will get great services at a low cost without the rape charges of AT&T and Verizon
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