SoftBank and Sprint tipped to buy T-Mobile in June; combined carrier to be run by Legere?
According to a report published on Wednesday, Sprint CFO Joe Euteneuer and Treasurer Greg Block met with some big Wall Street banks (not the kind that give away toasters) to press ahead with financing of a Sprint purchase of T-Mobile. Six banks were asked to be ready to lend a rather large sum of money to the nation's third largest carrier so that it could buy the nation's fourth largest carrier. A bid could be made as soon as June.
While things are moving ahead on the financing part of the deal, SoftBank Chairman Masayoshi Son is said to be working on arguments to show the FCC and FTC just how necessary this acquisition is. What the two regulatory agencies fear is that with T-Mobile gone, a carrier that has been extremely pro-consumer would disappear. To counter that fear, T-Mobile CEO John Legere is supposedly at the top of the short list of executives that would run a combined Sprint-T-Mobile. And while some have grown tired of his antics, most still consider him to be a breath of fresh air in an industry that can get pretty staid at times.
For the record, 67% of T-Mobile is owned by Germany's Deutsche Telekom. Which ever firm gets this block of stock, gets T-Mobile. Sprint is 78% owned by Japan's SoftBank. The latest rumor is that Deutsche Telekom wants as much cash for its block of T-Mobile stock, as opposed to more paper like shares or bonds. Son has yet to decide how to proceed, but whatever debt is amassed by SoftBank to make this deal happen, would be added to the $8.7 billion owed by T-Mobile.
Posts: 1453; Member since: Nov 05, 2010
posted on May 01, 2014, 2:19 PM 0
Posts: 700; Member since: Oct 08, 2011
posted on May 01, 2014, 12:52 PM 2
Posts: 70; Member since: Oct 04, 2013
posted on May 01, 2014, 12:30 PM 1
Posts: 193; Member since: Dec 14, 2012
posted on May 01, 2014, 3:21 PM 2
Posts: 75; Member since: Feb 24, 2012
posted on May 01, 2014, 11:40 AM 1
Posts: 193; Member since: Dec 14, 2012
posted on May 01, 2014, 9:51 AM 1
Posts: 235; Member since: Mar 12, 2013
posted on May 01, 2014, 9:46 AM 1
Posts: 2031; Member since: Aug 27, 2009
posted on May 01, 2014, 8:30 AM 1
Posts: 1946; Member since: Feb 15, 2012
posted on May 01, 2014, 8:21 AM 2
Posts: 9; Member since: Apr 24, 2013
posted on May 01, 2014, 7:34 AM 0
Posts: 861; Member since: Sep 02, 2009
posted on May 01, 2014, 6:14 AM 1
posted on May 01, 2014, 7:09 AM 1
posted on May 01, 2014, 5:49 AM 1
Posts: 621; Member since: Jul 31, 2013
posted on May 01, 2014, 2:07 AM 1
Posts: 15; Member since: Oct 19, 2011
posted on May 01, 2014, 12:58 AM 0
Posts: 23; Member since: Feb 05, 2012
posted on May 01, 2014, 12:21 AM 1
Posts: 23; Member since: Nov 21, 2013
posted on Apr 30, 2014, 11:44 PM 7
Posts: 194; Member since: Dec 03, 2011
posted on May 01, 2014, 7:47 AM 2
* Some comments have been hidden, because they don't meet the discussions rules.
PhoneArena Comments Rules
A discussion is a place, where people can voice their opinion, no matter if it is positive, neutral or negative. However, when posting, one must stay true to the topic, and not just share some random thoughts, which are not directly related to the matter.
Things that are NOT allowed:
- Off-topic talk - you must stick to the subject of discussion
- Trolling - see a description
- Flame wars
- Offensive, hate speech - if you want to say something, say it politely
- Spam/Advertisements - these posts are deleted
- Multiple accounts - one person can have only one account
- Impersonations and offensive nicknames - these accounts get banned
Moderation is done by humans. We try to be as objective as possible and moderate with zero bias. If you think a post should be moderated - please, report it.
Have a question about the rules or why you have been moderated/limited/banned? Please, contact us.
Send a warning to post author
Send a warning to Selected user.
The user has 0 warnings currently.
Next warning will result in ban!
Ban user and delete all posts
Message to PhoneArena moderator (optional):