As reports surfaced late last week that Softbank and Deutsche Telekom were nearing an official agreement to merge US wireless giants Sprint and T-Mobile, the latest developments have revealed the financial details of the transaction.
According to reports, the companies have agreed that T-Mobile will be acquired for $32 billion. Unnamed sources who were briefed on the case revealed the news Wednesday.
Reports note that the agreement is still tentative, however.
Japan-based Softbank, which controls Sprint, and Germany-based Deutsche Telekom, which controls T-Mobile, have been mulling a merger that would send shockwaves through the US wireless industry for several years. Their plans, which now seem to be solidifying, have already sparked widespread debate as to how the tie-up would affect competition.
A merger between Sprint and T-Mobile, the nation’s third- and fourth-place wireless companies, respectively, would reduce the number of competitors from four to three.
Full content: DealBook
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
BHP Unveils £31bn Mining Megamerger Proposal with Anglo American
Apr 25, 2024 by
nhoch@pymnts.com
ByteDance Prefers Shutdown Over Sale of TikTok Amid US Ban Threats
Apr 25, 2024 by
CPI
FCC Votes to Restore Net Neutrality Rules
Apr 25, 2024 by
nhoch@pymnts.com
Apple Rejects Spotify’s Updated App Over In-App Pricing Disclosure
Apr 25, 2024 by
CPI
FCC Set to Reinstate Net Neutrality Rules Today
Apr 25, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI