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Sprint near deal to buy T-Mobile USA for $50 billion, reports say
2014-06-05 13:16:41| InfoWorld: Top News
Sprint has reached a deal to buy T-Mobile US for about $50 billion, according to news reports on Wednesday. Sprint, owned by Japan's Softbank, would pay about $40 per share for T-Mobile, The Wall Street Journal reported, citing people familiar with the matter. The deal could still fall apart, the Journal warned.
Sprint nears agreement to purchase T-Mobile
2014-06-05 09:28:20| IT Services - Topix.net
Today's Paper, also known as the e-Edition, is an online replica of the printed newspaper.
Tags: agreement
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tmobile
Sprint, T-Mobile close to merger agreement - report
2014-06-05 09:17:00| Telecompaper Headlines
(Telecompaper) Sprint is nearing an agreement on an acquisition of T-Mobile US valuing the Deutsche Telekom subsidiary at almost USD 40 a share, people with knowledge of the matter told Bloomberg. Sprint will offer 50 percent stock and 50 percent cash for T-Mobile, leaving Deutsche Telekom with around 15 percent of the combined company, the report said. At just under USD 40 a share, T-Mobile's equity value would be about USD 31 billion. In addition, the operator has about USD 14.5 billion in debt and USD 5.5 billion in cash. Deutsche Telekom, which owns about 67 percent of T-Mobile, was seeking at least USD 40 a share, two of the people said. SoftBank, the majority owner of Sprint is willing to pay in the upper USD 30s, and the two sides have bridged the gap, according to the report. A deal could be announced as soon as July, although many details, including the management of the new company, are still to be worked out.
Tags: report
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agreement
sprint
Sprint reportedly ready to pay $31bn for T-Mobile
2014-06-05 02:00:00| Total Telecom industry news
Latest U.S. consolidation speculation puts a price on Deutsche Telekom unit; deal could be announced soon.
Tags: pay
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reportedly
Sprint, T-Mobile CEOs agree on one thing: Merger means scale
2014-06-04 05:20:55| IT Services - Topix.net
After reports that the parents of Sprint Corp. and T-Mobile US Inc. are coming closer to a merger deal, T-Mobile CEO John Legere said such scale should scare the top dogs in U.S. telecom.
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