Monday, February 17, 2020

T-Mobile-Sprint Talking Price Drop Before Close

T-Mobile wants to pay less than $40 billion for Sprint now that its proposed acquisition has fully completed its regulatory hurdles. Analysts say the price may go down some, but not a lot. The merger between the third and fourth largest U.S. wireless carriers was agreed to in April 2018, but couldn’t close after several states challenged it in court on antitrust grounds. A federal judge gave the companies the green light Tuesday to complete the deal, Inside Towers reported.

T-Mobile hopes it will close by April 1. Before then, T-Mobile parent, Deutsche Telekom AG, plans to ask Sprint's majority owner, Japan's SoftBank Group, to agree to a lower price, reported Reuters. Deutsche Telekom AG will argue Sprint's financial position has deteriorated in the two years since the original merger deal was made. Continue Reading

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