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Home / Business / T-Mobile and Sprint may announce a merger next week – BGR

T-Mobile and Sprint may announce a merger next week – BGR



The T-Mobile Sprint Will-Not-Do-Fusion saga continues with a new episode teasing a happy ending. Obviously, the two airlines that have not yet reached a deal are approaching an agreement that will be announced next week.

It was not until last November that Sprint's parent company SoftBank dropped out of the deal at the last minute, and there is always a chance that the merger will recede.

Apparently, T-Mobile parent companies Deutsche Telekom and SoftBank, which owns the Japanese group Sprint, is considering an agreement that dictates how they would exercise voting control over the combined company.

Deutsche Telekom owns 63% of T-Mobile, while SoftBank owns 84.7% of Sprint. Deutsche Telekom and T-Mobile also complete the debt financing package they will use to finance the transaction, Reuters reports.

If the company were to succeed, it would have more than 1

27 million customers and become a massive opponent of Verizon and AT & T, the top two carriers in the US.

T-Mobile is still a distant third in the business, though the company has won many subscribers thanks to John Legere's "Uncarrier" response. Sprint's customer base has also expanded under the discount policy of CEO Marcelo Claure, but the fourth-largest US provider has not performed as well as T-Mobile. Analysts say Sprint can not invest in its network and survive on the market without T-Mobile.

Their inability to find common ground was not the only thing that killed a T-Mobile Sprint Fusion in the past. Regulators could always block the deal, as happened in 2014, when the Obama administration voiced antitrust concerns over the deal.


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