Sprint, T-Mobile merger closer than ever, report says
Sprint is nearing an agreement in the acquisition of T-Mobile, according to the Wall Street Journal.
The WSJ recently reported that Sprint is nearing an agreement on the price, capital structure and termination fee for a merger, which could value the wireless carrier at nearly $40 a share.
If the deal goes through, it would bring the third- and fourth-largest U.S. wireless carriers together to become an even bigger competitor against AT&T and Verizon.
The WSJ report also stated that Sprint will offer about 50 percent stock and 50 percent cash for T-Mobile, leaving parent company Deutsche Telekom AG with a 15 percent stake in the combined company. Softbank Corp, which owns 80 percent of Sprint, is said to have been pitching the deal as beneficial to customers for both wireless and Internet service.
With AT&T’s failed attempt to purchase T-Mobile in 2011, the future of the mobile industry in the U.S. will be an interesting one.
An agreement could be announced as soon as July.
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