Sprint, T-Mobile Discuss Merger
Sprint, T-Mobile Discuss Merger

Sprint, T-Mobile Discuss Merger

Sprint, T-Mobile Discuss Merger

Sprint Corp has restarted talks to merge with T-Mobile US Inc , people familiar with the matter said on Tuesday, the latest effort to bring together the fourth and third largest US wireless carriers, Reuters reported. The combined company would have more than 127 million customers and could create more formidable competition for the No. 1 and No. 2 wireless players, Verizon Communications Inc and AT&T Inc , amid a race to expand offerings in 5G, the next generation of wireless technology. T-Mobile’s and Sprint’s previous round of negotiations ended in November over valuation disagreements. Since then, Sprint’s shares have lost more than a fifth of their value amid questions about how the company can compete effectively under the weight of its long-term debt of more than $32 billion. Sprint’s majority owner, SoftBank Group Corp., has been looking to trim its debt, which reached 15.8 trillion yen ($147 billion) as of the end of December. It has said it is planning to raise cash by taking its Japanese mobile phone unit public this year.


Short URL : https://goo.gl/MmdNgH
  1. https://goo.gl/jk56mG
  • https://goo.gl/XBbUEp
  • https://goo.gl/WRz97d
  • https://goo.gl/T5qSQt
  • https://goo.gl/r2ZZVF

You can also read ...

ECB President Mario Draghi (L) and US fed chair Jerome Powell at the ECB Forum on Central Banking in Sintra, Portugal, June 20.
The world’s most-powerful central bankers warned that...
Consumer prices rose just 0.1% in May, down from a 0.3% gain in April.
Canada’s economy showed unexpected weakness in the second...
Brazil CB Holds Rate Steady
For the second consecutive time, the Central Bank of Brazil...
China Trade Surplus Shrinks
China’s trade surplus shrank markedly in the first five months...
Inflation rate forecast for the full year is averaged around 3.1%.
Saudi Arabia is so intent on changing its identity that today’...
Ukraine Shadow Economy Drops to 31% of GDP
Shadow economy in Ukraine dropped by 4% in 2017, to 31% of GDP...
IMF to Lower Eurozone Growth Projections
The International Monetary Fund will downgrade growth...
Turkey Sees 22% Yearly Decline in FDI
Turkey attracted some $3.1 billion in net international direct...

Add new comment

Read our comment policy before posting your viewpoints