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

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Comments (1)
  • vincent mcbride
    , contributor
    Comments (15) | Send Message
    T-Mobile needs low band spectrum
    11 Jul 2014, 06:30 PM Reply Like
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