Sunday April 29, 2018

T-Mobile Agrees to Acquire Sprint for $26 Billion

As hinted by earlier reports, T-Mobile is, indeed, buying Sprint: the third and fourth largest carriers will be combining under an all-stock, $26 billion deal. US regulators are expected to grill both companies on how they will price their combined wireless offerings.

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The breakthrough in the companies’ negotiations, first reported by Reuters on Thursday, came after T-Mobile majority-owner Deutsche Telekom AG and Japan’s SoftBank Group Corp, which controls Sprint, agreed on a structure that will allow Deutsche Telekom to continue to consolidate the combined company, which will have a market value of over $80 billion, on its books.

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