Sprint getting help from banks in potential T-Mobile bid – WSJ

Sprint getting help from banks in potential T-Mobile bid – WSJ

Sprint has been working with at least two banks to help gather the necessary funds for a T-Mobile takeover, says the Wall Street Journal. The news outlet reports that sale price could fetch as high as $50 billion, if it ever goes through. T-Mobile is currently valued around $26 billion and will likely climb with continued success and progression of the buyout. Sprint will need to come to the table with a big bag of money should they hope to acquire T-Mobile. But, even if the two come to terms, the deal will have to gain regulatory approval from government agencies. AT&T’s deal with T-Mobile was shot down a few years back when the $39B proposal lined up for the regulators.

In a possibly related note Germany’s Deutsche Telekom AG transferred ownership of its 67 percent stake in T-Mobile US to a Dutch holding company. While DT says this is simply part of a bigger internal restructuring, it has the potential makings of “getting ready to sell”.

WSJ (subscription) via AndroidCentral

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Scott Webster
Scott Webster 6605 posts

Scott has been running AndroidGuys since 2007 and loves nothing more than reading up on the latest smartphone rumors. His other mobile efforts can be found on Android Update (CNET) where he covers Google's mobile platform.

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