Have T-Mobile's owners and executives accepted SoftBank's acquisition proposal?

Have T-Mobile's owners and executives accepted SoftBank's acquisition proposal?
Japanese media Kyodo reported that Japan's SoftBank (owner of US carrier Sprint), T-Mobile, and Deutsche Telekom (T-Mobile owner) have negotiated a buyout offer at a meeting earlier this month. Reportedly, Deutsche Telekom is enthusiastic about Masayoshi Son's proposal, as the German carrier would rather concentrate its efforts on the increasingly competitive European market - even though T-Mobile is the fastest-growing US carrier and is preparing to reveal its next competitive move this June. Selling the magenta-colored carrier to the eager Masayoshi Son, who's reportedly willing to pay somewhere north of $40 billion for the acquisition, will grant DT a decent wad of cash for further European conquests.

Although the deal may have been accepted by the parties involved, it is yet to get approval by the US Department of Justice and the Federal Communications Commission. According to informed individuals, the regulatory organs are not particularly warm to the idea of a Sprint + T-Mobile merger. Last we heard, they are supportive of the current wireless status-quo, and would like to keep the “four major carriers” arrangement. Still, perhaps the regulators could be persuaded that the merger will impact the market in a positive way, resulting in a powerful carrier with a more realistic chance to shake off Verizon and AT&T's infamous duopoly. Sooner than later, we'll learn whether Son's ambitious plans will go through.

via TmoNews

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46 Comments

1. HASHTAG unregistered

Oh boy

2. youlookfoolish

Posts: 191; Member since: Dec 14, 2012

Cue the dumb T-Mobile trolls screaming "NO!" and "Sprint sucks!" or " Ok if they keep Legere." On and on. Tired old shtick. Meanwhile in Seattle, T-Mobile is throwing away another $150 million on enthusiastic prepay customers. LOL

5. HASHTAG unregistered

They're dumb because they know Sprint can't even maintain its own network while trying to even create a bigger problem for themselves? Sounds like you're the dumb one.

9. networkdood

Posts: 6330; Member since: Mar 31, 2010

Yeah...I would hate to see Sprint by T mobile...

10. networkdood

Posts: 6330; Member since: Mar 31, 2010

Buy...not by

20. donfem

Posts: 708; Member since: Mar 30, 2011

Next to T-Mobile? or buy you mean?

38. TheRequiem

Posts: 245; Member since: Mar 23, 2012

Of course they can, who else is rolling out gigabit wireless?

11. ajac09

Posts: 1482; Member since: Sep 30, 2009

Cue the whiney people whining about other people.

27. phonegeek425

Posts: 1; Member since: May 29, 2014

How are they throwing away $150M on prepay?

37. Doakie

Posts: 2456; Member since: May 06, 2009

Let me guess you're the one guy in the comments area who has had good service from Sprint? I was on Sprint for 11 years. They have the worst service out of all 4 major carriers. Their network is pathetic. You'd realize how bad they were if you ever tried out one of the other 3 carriers.

39. TheRequiem

Posts: 245; Member since: Mar 23, 2012

I disagree with Doakie, the work they are doing on their network has some of the most innovative technology I've ever seen. Their network USE to be pathetic, but their updates have significantly improved coverage and speed. The 2.5 gigabit rollout is the most advanced radio tech out there, give me a break.

3. 0xFFFF

Posts: 3806; Member since: Apr 16, 2014

Adding Sprint to T-Mobile would be like throwing an anchor to a man paddling to stay afloat.

35. andynaija

Posts: 1242; Member since: Sep 08, 2012

I think you meant to say "adding T-Mobile to Sprint" - rest of the sentence.

41. andynaija

Posts: 1242; Member since: Sep 08, 2012

Oh I get what you mean now, just ignore my last reply : / :-[

4. -box-

Posts: 3991; Member since: Jan 04, 2012

The AT&T/T-Mobile merger was met with warm welcome by the executives, too, and look how that went. Sprint/Softbank should focus on improving their own crummy service, not acquisitions, especially when they've bundled previous acquisitions so badly (like Nextel!)

7. Augustine

Posts: 1043; Member since: Sep 28, 2013

Methinks that Softbank realized that it bought a lame duck and is trying to get the better managed company and network, TMO.

42. Joshua9007

Posts: 94; Member since: Jun 08, 2012

I really don't care about what all the fanboy's think, most are too dumb to understand the technology or god-forbid any economics... but let me set this strait. Nextel's spectrum was next to and mixed between public safety radio frequencies, which took the government 8yrs to sort out who gets what and transition all the public safety to the new band plan, as well as the FCC to test LTE next to it and give clearance for sprint to broadcast on those frequencies... Sprint should have known better, over 30 Billion dollars could have built out a better network than what they gained with the Nextel merger, but hindsight is always 20/20. Sprint has over 90% of their towers upgraded to new equipment to improve voice and 3G and about 66% have LTE, with that number climbing every day. This is just the ground work for the future. The new sites can accommodate almost any domestic frequency using any technology with just a new antenna panel and RRU, so in the case of a merger, the sprint towers could quickly broadcast service using t-mobile's spectrum and expand the service so much quicker than t-mobile or sprint could do organically.

6. CEMIII

Posts: 110; Member since: Jun 26, 2013

youlook said it right!!! If Son is smart add Sprint to T-Mobile keep Legere & move fwd. Face it Sprint doesn't have the money Softbank is doing the deal. Softbank has 80% of Sprint if they get T-Mobile that would be 67% so actually T-Mobile has more say as to what is happening with their network & Company. Sprint may have a better backbone network wise but T-mobile excutes way better. I'd say let the deal pass & put Legere in Charge of the US Markets. T-Mobile gets a boost in network & Sprint in Mangt

8. KickRocks

Posts: 260; Member since: Mar 22, 2011

FCUK Sprint!!!!!

12. ajac09

Posts: 1482; Member since: Sep 30, 2009

Dont see it happening. FCC has stated as stated in the article they want to keep it 4 major carriers. Let dish have Tmobile and see what they can do. Also Sprint should fire Dan Hesse regardless on what happens.

13. fwinst

Posts: 64; Member since: May 08, 2010

I understand the FCC wanting to keep more players in the game. However, both Sprint and T-Mobile are in vulnerable positions. I would rather have 3 very strong competitors, than 2 very strong competitors and two companies just trying to hold on. Disapproval by the DOJ and the FCC might actually weaken competition.

17. Augustine

Posts: 1043; Member since: Sep 28, 2013

Or rather, what's more likely, the new company will just mimicking the behavior that the other two have successfully kept for years: complacency and no competition for customers.

31. ThreeFourSeven

Posts: 34; Member since: Nov 23, 2011

I agree with you 100%. He wants to become like a Verizon and At&t, not compete against them. Instead of 2 companies doing the same thing, It'll be 3.

40. fwinst

Posts: 64; Member since: May 08, 2010

I believe part of the deal is that Legere takes the helm of the combined entity. I doubt you'll see status quo from him. You're certainly not going to see anything change if the onlky real players are AT&T, and Verizon. I think a merger is the significant lesser of two evils.

29. 0xFFFF

Posts: 3806; Member since: Apr 16, 2014

"Disapproval by the DOJ and the FCC might actually weaken competition." Thanks, Dan.

14. youlookfoolish

Posts: 191; Member since: Dec 14, 2012

Ignoring people like ajac who have clearly demonstrated they know absolutely NOTHING about what hey talk about, look at what exactly Softbank has done in the time they've owned Sprint. In less than 1-year have shut down the worthless iDEN Network, acquired complete control of the vast spectrum holdings of Clearwire and successfully overhauled much of their voice & data network. Customer growth has slowed and revenue is up. If people on a message board are reduced to praying for another break up fee (which has widely been reported to very small or nothing) it makes it apparent even they understand how much money T-Mobile is losing quarter over quarter and that time is borrowed at best. T-Mobile sucks. Softbank is their best hope. Period.

26. rdaex

Posts: 152; Member since: Oct 24, 2012

You act like softbank had ANYTHING to do with the iDEN shutdown.. they didnt. That was on track and begun before SB ever came into the picture.

30. 0xFFFF

Posts: 3806; Member since: Apr 16, 2014

Are you going to mention Sprint's retarded "Spark" system that requires special phones to work properly?

43. Joshua9007

Posts: 94; Member since: Jun 08, 2012

Spark is a branding of their tri-band system to use all the frequencies they recently got... the old sprint PCS band (1900Mhz) the old Nextel band (800Mhz) and the old Clearwire band (2500-2600Mhz). The old sprint did not have all the spectrum available and all running LTE, of course it requires the newer phones to use it... same with vzw's XLTE (basically just adding AWS spectrum @ 1700/2100Mhz) will require newer phones than ones that just supported their 700Mhz LTE.

15. 1ceTr0n

Posts: 549; Member since: May 20, 2012

I'll just go back to Verizon if this happens. At least the coverage will be excellent for the butt pounding trade off.

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