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Report: SoftBank, DT close to deal on Sprint, T-Mobile merger |
December 25, 2013
Japanese conglomerate SoftBank and German carrier Deutsche Telekom are close to a deal that would merge T-Mobile US with Sprint, eliminating one of the four major mobile competitors in the U.S., according to the Nikkei news agency.SoftBank would pay more than 2 trillion yen (US$19 billion) for a stake of up to 70 percent in T-Mobile, which is the fourth-largest mobile operator in the U.S., Nikkei said, citing unnamed sources. SoftBank already owns a majority of Sprint, the country’s third-largest carrier. T-Mobile is majority owned by Deutsche Telekom.The Wall Street Journal had reported earlier this month that Sprint was studying regulatory concerns about such a deal and might make an offer for T-Mobile in the first half of next year. The Nikkei story, posted on Wednesday in Japan, said the parent companies of Sprint and T-Mobile were in the final stages of talks on a possible deal. SoftBank might make its offer as early as spring 2014, Nikkei said, roughly matching the earlier report on timing.A $19 billion price tag for T-Mobile would nearly equal the $21.6 billion that SoftBank paid for 78 percent of Sprint earlier this year.To read this article in full or to leave a comment, please click here
Link: http://www.pcworld.com/article/2083000/report-softbank-dt-close-to-deal-on-sprint-tmobile-merger.html#tk.rss_all
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