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Softbank starts talks with DT on T-Mobile takeover - report
2014-01-20 08:52:00| Telecompaper Headlines
(Telecompaper) Softbank has entered direct talks with Deutsche Telekom to resolve obstacles to a potential merger of their US mobile operators, Sprint and T-Mobile, people with knowledge of the matter told Bloomberg. While SoftBank has assurances from banks that financing for a deal will be available, an agreement could still take months to reach, the report said. Unresolved issues include how much cash and stock SoftBank will pay for Deutsche Telekom's 67 percent stake in T-Mobile US, and how Sprint and T-Mobile will be integrated. Deutsche Telekom wants an all-cash offer for T-Mobile, which has a market value of about USD 26 billion, and SoftBank is trying to finance a deal to provide as much cash as possible, one of the sources said. Also still to be resolved are the size of a breakup fee in case regulators strike down a deal, two of the people said. Separately, Deutsche Telekom CEO Tim Hoettges told Bloomberg that the company had recouped its investment in T-Mobile US, with an increase in the unit's value compensating for the EUR 7.4 billion writedown on the asset in 2012. In an interview, Hoettges said the value of T-Mobile US was back at the same level as when the company considered a sale of the US operator to AT&T. This means the 67 percent stake is worth around USD 42 billion. The CEO declined to comment on whether DT is in talks again to sell T-Mobile US.
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Softbank talks to D. Telekom on Sprint-T-Mobile: Bloomberg
2014-01-19 13:58:16| Telecom - Topix.net
Softbank Corp has entered direct talks with Deutsche Telekom as it seeks to combine its Sprint Corp unit with the German company's T-Mobile US, Bloomberg reported on Sunday, citing people familiar with the matter.
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Softbank talks to D. Telekom on Sprint-T-Mobile: Bloomberg
2014-01-19 13:57:05| IT Services - Topix.net
Softbank Corp has entered direct talks with Deutsche Telekom as it seeks to combine its Sprint Corp unit with the German company's T-Mobile US, Bloomberg reported on Sunday, citing people familiar with the matter.
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SoftBank in talks to acquire T-Mobile, discussing funding -sources
2013-12-25 23:48:37| IT Services - Topix.net
The deal, which media reports have said would be valued at about $20 billion - in line with the $21.6 billion SoftBank paid for Sprint this summer, would help the Tokyo-based company leapfrog U.S. rivals Verizon It would also bring SoftBank CEO Masayoshi Son closer to his ambition of building the world's biggest mobile Internet company - if he can ... (more)
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acquire
Report: SoftBank, DT close to deal on Sprint, T-Mobile merger
2013-12-25 10:21:24| Telecom - Topix.net
Japanese conglomerate SoftBank and German carrier Deutsche Telekom are close to a deal that would merge T-Mobile US with Sprint, eliminating one of the four major mobile competitors in the U.S., according to the Nikkei news agency.
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