Sprint, T-Mobile Agree To Combine in a $26.5 Billion Merger (bloomberg.com)

T-Mobile and Sprint said on Sunday that they have agreed to combine in a $26.5 billion merger, creating a wireless giant to compete against industry leaders AT&T and Verizon. From a report: Deutsche Telekom AG, the Bonn, Germany-based company that controls T-Mobile, and SoftBank Group, the Tokyo-based owner of Sprint, agreed to a combination that values each Sprint share at 0.10256 of a T-Mobile share, the companies said in a statement Sunday. That ratio values Sprint at $6.62 a share based on T-Mobile's Friday closing price of $64.52. The new company will use the T-Mobile name, with T-Mobile's John Legere as chief executive officer and Mike Sievert at chief operating officer. The German company's chairman, Tim Hoettges, will serve in that role at the combined company, and the board will include SoftBank Chief Executive Officer Masayoshi Son. The companies said they expect synergies of about $43 billion, with more than $6.5 billion on a run-rate basis.

Comments

Re:I think it will

[SvnLyrBrto]

Well... I can't think of any reason to dislike T-Mobile. In fact, I have them as my carrier now. I've been nothing but happy since switching. And I'm very much dismayed at the prospect now of going back to AT&T. Sprint, on the other hand; if you don't yet hate them with a burning passion... their network, their choice of available phone hardware, their billing system, their customer service people, their CEO, the whole shebang (Hell, even their HQ campus in Overland Park is rage-inducing.)... it's all but certainly only because you've really just not gotten the chance to know them.

I'm really, Really, REALLY hoping for this one to be blocked.