Sprint and T-Mobile reportedly near $32 billion m
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Posted On: 06/05/2014 7:43:57 AM
Sprint and T-Mobile reportedly near $32 billion merger deal
CC by: Intel Free Press
CC by: Intel Free Press
Sprint, the No. 3 U.S. wireless carrier, is getting close to finalizing a deal to acquire the No. 4 carrier, T-Mobile, for about $40 a share, Bloomberg Businessweek reports, citing "people with knowledge of the matter." That values T-Mobile, the U.S. subsidiary of Germany's Deutsche Telekom, at about $31 billion.
The deal isn't expected to be announced until July, maybe August. The big hurdle would be convincing antitrust regulators that the merger is good for consumers. "In order to compete against the big two, AT&T and Verizon, scale is essential," Satoru Kikuchi, an analyst at SMBC Nikko Securities, Tokyo, tells Bloomberg. "The mobile-phone industry is an industry that needs business investment, so the larger the better." Oddo & Co. analyst Alexandre Iatrides puts the odds of regulatory approval at 30-40 percent.
- - Peter Weber
CC by: Intel Free Press
CC by: Intel Free Press
Sprint, the No. 3 U.S. wireless carrier, is getting close to finalizing a deal to acquire the No. 4 carrier, T-Mobile, for about $40 a share, Bloomberg Businessweek reports, citing "people with knowledge of the matter." That values T-Mobile, the U.S. subsidiary of Germany's Deutsche Telekom, at about $31 billion.
The deal isn't expected to be announced until July, maybe August. The big hurdle would be convincing antitrust regulators that the merger is good for consumers. "In order to compete against the big two, AT&T and Verizon, scale is essential," Satoru Kikuchi, an analyst at SMBC Nikko Securities, Tokyo, tells Bloomberg. "The mobile-phone industry is an industry that needs business investment, so the larger the better." Oddo & Co. analyst Alexandre Iatrides puts the odds of regulatory approval at 30-40 percent.
- - Peter Weber
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I'm in it to win it!
NASDAQ DIP and RIP
Here is the best word that describes what i do here.
Intuitive;
means having the ability to understand or know something without any direct evidence or reasoning process.
I was born with it, I'm truly blessed!
Alway's searching for winners'
NASDAQ DIP and RIP
Here is the best word that describes what i do here.
Intuitive;
means having the ability to understand or know something without any direct evidence or reasoning process.
I was born with it, I'm truly blessed!
Alway's searching for winners'
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