According to a new report the Sprint and T-Mobile USA merger could become a reality soon as the parties are nearing an agreement on the price that is valued at $31 Billion.
Is it finally happening? Will Deutsche Telekom get rid of T-Mobile USA? T-Mobile USA is in the best shape ever since the flamboyant CEO John Legere took over. The T-Mobile Uncarrier campaign has changed the wireless market in the US. Bloomberg reports today that Sprint and T-Mobile are nearing an agreement on the price and deal structure. The value of the merger is supposed to be around $31 billion.
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Sprint is according to Bloomberg offering 50% stock and 50% cash for T-Mobile. Deutsche Telekom would still end up owning 15% of the new combined company.
The announcement of the deal would be as early as next month according to the source of Bloomberg. There is no official word yet from both companies if this is indeed true.
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The Sprint and T-Mobile merger would combine the 3rd and fourth largest carrier in the US. The combined company could become a real trouble for AT&T and Verizon. They just need to cross there fingers that Legere is not part of the new company.