Seeking Alpha

Sprint, T-Mobile spike on new deal report

  • The Nikkei reports SoftBank (SFTBF) is close to a deal for a Sprint (S +4.4%)/T-Mobile (TMUS +1.9%) merger. Shares of both companies have moved higher.
  • Reuters reported 3 weeks ago Sprint and T-Mobile were looking to announce a deal around August, and that the former had lined up a $40B+ debt package. Prior reports mentioned a ~$40/share T-Mobile acquisition price and a $2B breakup fee.
  • T-Mobile is still below $34, as doubts about regulatory support for a deal remain high.
  • Prior Sprint/T-Mobile coverage
Comments (1)
  • vincent mcbride
    , contributor
    Comments (13) | Send Message
     
    T-Mobile needs low band spectrum
    11 Jul, 06:30 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector

Next headline on your portfolio:

|