Sprint, T-Mobile Aiming To Reach Merger Deal Next Week (reuters.com)
An anonymous reader quotes a report from Reuters: U.S. wireless carriers T-Mobile and Sprint have made progress in negotiating merger terms and are aiming to successfully complete deal talks as early as next week. The combined company would have more than 127 million customers and could create more formidable competition for the No.1 and No.2 wireless players, Verizon and AT&T, amid a race to expand offerings in 5G, the next generation of wireless technology. T-Mobile majority-owner Deutsche Telekom and Japan's SoftBank, which controls Sprint, are considering an agreement that would dictate how they exercise voting control over the combined company. This could allow Deutsche Telekom to consolidate the combined company on its books, even without owning a majority stake. Deutsche Telekom owns more than 63 percent of T-Mobile, while SoftBank owns 84.7 percent of Sprint. Deutsche Telekom and T-Mobile are also in the process of finalizing the debt financing package they will use to fund the deal, the sources said. There is no certainty that a deal will be reached, the sources cautioned.
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Traveled down the road and back again
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Invited everyone you knew
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This would be considered for review by the Feds due to the Antitrust act, right?
No problem, just merge them all into 1 company. They are all doing the same, what is the point to have 4 companies competing against each other?
It creates huge overhead! 1 maximum two regionally independent companies would be enough for sure. It will improve competition on the market!
Iâ(TM)m with T-Mobile and Iâ(TM)ll do anything I can to avoid Sprint like the plague. Everything they do is garbage, from customer service to hidden fees.
Sprint uses CDMA while T-Mobile uses GSM, i bet i can guess who the boss will be in this merger, T-Mobile is basically going to take over Sprint, which is okay by me, the sooner CDMA dies and all that old equipment is removed from service the better
Politics is Treachery, Religion is Brainwashing
This could allow Deutsche Telekom to consolidate the combined company on its books...
Does that mean that the new joined company will keep T-Mobile's management?
Because I'll tell you what, I'm a T-Mobile customer, and I'm pretty happy. The coverage may not be quite as good as Verizon, but there are no hidden fees, no mysterious extra charges, no vague limitations. They don't really do market segmentation with deceptive pricing. They don't try to fight me if I just want to buy an unlocked phone, forgo their subsidy, and have a lower monthly price. The terms of their international roaming are pretty awesome. In the US, they pretty much set the standard for what a cell carrier should be.
Meanwhile, Sprint has been a disaster for years. Even setting aside all the public well-known stuff, I used to have a job that involved dealing with all the major carriers, and Sprint was the worst. They were disorganized. The people who worked there were awful. Their internal systems were poorly designed. That was several years ago, and maybe it got better, but I have no faith in that company.
So if the deal is that T-Mobile gets Sprint's infrastructure to add on to their own, to improve coverage, cool. Great. But if people from Sprint are going to be running anything, then this is very sad news.
We need to organize a letter writing campaign to the governmental authority (whoever that is. The FTC?) to block this. We don't need to drop from 4 wireless carriers to 3.
I've lost count... how many times has T-Mobile tried to merge with another carrier? And so far, hasn't each and every attempt been rebuffed by antitrust concerns?
Why are we hearing about this, yet again?
... it had better be T-mobile that runs the show.
My wife has long had Sprint, I have long had T-mobile. Sprint sucks, in every conceivable way. Super pricey, awful service.
Latest Sprint example; she finally got a new phone ... gave up waiting for any of the affordable phones to be "in stock" from Sprint (affordable models never "in stock", how believable is that?) and got an unlocked phone elsewhere. Got a SIM from Sprint, it took 2.5 hours on chat with Sprint support, literally, to get the stupid thing working.
Never had any problems with T-mobile. Sprint had better not screw them up.
Just remember what happened the last time German and Japanese formed an axis towards America...
And while we are at it, nationalize the D'Anconia mines now!
So long as they compete, we win.
Once they merge, we lose.
He has been a valued customer at Sprint for 20 years. Due to this relationship, they would be happy to supply him with a new iPhone if he pays the upfront costs. Will he still be treated with such respect after a merger with T-Mobile?
So Germans are a race now?
Sprint network and business sucks - I left them long ago for T-Mobile, which offers so much more and such better service, including true global phone and data connectivity which is included in most post pay plans. I am really skeptical of the benefit of this merger for current T-Mobile customers considering Sprint will ultimately be the primary stakeholder and voting block. :(
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One of them got a job...
Seems Sprint walked away last time since wanted control and / or closer to $8 - $9 per share. Now rumor valuation around $6 - $6.50. So much for holding the strategic investment which was undervalued ? A combination seems logical can cut a lot of overlapping functions , site costs etc and reduce undercutting each other. Best of luck. A stronger #3 will be able to roll out new tech such as 5G sooner.