Sprint and T-Mobile merger likelihood shadowed after DoJ meeting
Sprint and T-Mobile started to talk about merger late last year. With only for major carries being in the US, any merger between two of them would need approval from the DoJ. Sprint and T-Mobile executives met with the DoJ recently and word is after the meeting the chances of the merger happening are hurt according to ZDNet.
People that claim to know about what is going on between the two say that regulators in the US are concerned about the merger making for a less competitive marketplace. Currently T-Mobile is the fourth largest wireless carrier in the US while Sprint is the third largest.
"In April, the Justice Department wrote in a comment letter to the FCC that the four wireless carriers competed in ways that are important to consumers. The FCC has sent similar signals." the WSJsays.
The merger is likely to meet significant regulatory hurdles if the two move forward. It is unclear right now if the merger talks will continue or if the two will call off talks. The DoJ will only approve the deal if it benefits consumers in the US.
It seems Sprint has competition in its attempt to acquire Bellevue-based T-Mobile. The Wall Street Journal reported Thursday morning, and the French telecommunications company Iliad SA confirmed, that it has made an offer to buyout T-Mobile for $15 billion.
Iliad said it has offered $15 billion in cash for 56.6 percent of the company's shares, at $33 per share. Immediately after the announcement, T-Mobile's stock price spiked ... Source: Business Journal of Phoenix
Full article at: Business Journal of Phoenix
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Good morning and welcome to August. Here's what you need to know. 1. Jobs Day. The consensus among analysts is for nonfarm payrolls to hit 230,000. Nomura sees it coming in a bit higher, at 255,000. "With the six-month moving average of payroll growth already at 231k in June, the largest since early 2006, incoming data on the labor market in July suggest that conditions continued to improve. We forecast that government employment, which has increased in four of the past five ... Source: The Business Insider
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KANSAS CITY, Kan. (AP) — Bus riders in Kansas City now have access to free Wi-Fi.
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Local officials say Sprint has agreed to provide the service at no cost for at least a year. The commitme ... Source: 49 News Topeka
Full article at: 49 News Topeka
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France's Iliad may be a relatively unknown quantity but its daring bid for T-Mobile US could upstage a planned acquisition by Sprint and, if successful, further drive consolidation and price cuts in mobile services in the United States.
The board of T-Mobile US and Deutsche Telekom now have two offers to look at. Let ... Source: Forbes Real Time
Full article at: Forbes Real Time
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Wait a minute. Didn't the NASCAR Sprint Cup Series just visit Pocono Raceway less than two months ago?
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Everyone wants a piece of T-Mobile. First, AT&T came knocking in 2011. Three years later, Softbank's Masayoshi Son, the Japanese owner of Sprint, expressed interest . Now, bolstered by a growing number of subscribers and CEO John Legere's somewhat crazed antics, a French Telecom company called Iliad is making its ... Source: GizmodoFull article at: Gizmodo17 hours ago, 3:31pm CDT
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Full article at: digital media wire
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French telecom Iliad SA confirmed Thursday morning it has made an offer to buy a controlling stake in T-Mobile US for $15 billion. The surprising turn of events offers direct competition to Sprint, and Sprint's parent company, Softbank, which has long been in talks to acquire T-Mobile for $32 billion.
The Iliad proposal offers some advantages over the Sprint deal to the Bellevue-based telecom — it would likely keep operating as an independent brand, it would have an international p ... Source: Seattle Business Journal
Full article at: Seattle Business Journal
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