At deadline yesterday, Inside Towers was
seeing multiple reports on the multi-year saga also known as the
Sprint/T-Mobile merger coming to a conclusion sometime today. According
to unnamed informants at Bloomberg, a group of 16 banks were
formally notified Monday that they will need to make the funds available
today, to complete the deal. The banks are to provide $23 billion of
loans to T-Mobile US Inc. The COVID-19 outbreak, according to Bloomberg, disrupted plans to sell the debt to third-party investors.
New Street Research reported yesterday the companies are
withdrawing their wireline transfer of control application which is seen
as a precursor to finalizing things today, rather than waiting for a
California PUC vote on April 16. The merger, should it happen, comes
less than two months after a U.S. District Court approved the deal and,
in the process, silenced 14 state attorneys general who opposed the
transaction.
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