T-Mobile restarts talks to acquire Sprint | S Message Board Posts

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Msg  39 of 46  at  4/10/2018 2:09:56 PM  by


T-Mobile restarts talks to acquire Sprint

(Reuters, April 10, 2018) - T-Mobile US Inc (TMUS.O) is engaged in a new round of talks to acquire Sprint Corp (S.N), a person familiar with the matter said on Tuesday, the third major effort to combine the third- and fourth-largest U.S. wireless carriers in the last four years.

It was not immediately clear what prompted the companies to try again to clinch a deal. Their previous round of negotiations ended in November over valuation disagreements.

The source asked not to be identified because the matter is confidential. T-Mobile and Sprint did not immediately respond to requests for comment.

Shares of Sprint were up 17.3 percent at $6.03, while T-Mobile shares were up 5.4 percent at $62.94 on Tuesday afternoon, after the Wall Street Journal first reported on the new talks.

Sprint is controlled by Japan's SoftBank Group Corp (9984.T), while T-Mobile is controlled by Germany's Deutsche Telekom AG (DTEGn.DE). The issue of control at the combined company has been a thorny topic in previous negotiations over a possible deal.

Despite potential antitrust risks, investors have long expected a deal between T-Mobile and Sprint, hoping for cost cuts and other synergies.

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Msg # Subject Author Recs Date Posted
40 Re: T-Mobile restarts talks to acquire Sprint mu_aapl 0 4/10/2018 4:46:47 PM

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