R
Robert Nazarian
Guest
The Wall Street Journal is reporting the often rumored Sprint and T-Mobile merger is finally moving forward. The two companies have agreed to “broad outlines” that put T-Mobile’s value at $32 billion, or about $40 per share.
This deal isn’t official, but it’s expected to be during the early part of the summer. Of course, negotiations could fall through, but unlikely as it seems as though both companies really need this deal to happen. Sprint and T-Mobile are the 3rd and 4th largest wireless operators in the U.S., and it appears a deal between these two companies has the best chance of clearing the FCC.
If you remember, AT&T’s bid for T-Mobile fell through so it’s unlikely that the FCC would approve any combination of the major four operators if one of the companies were to be AT&T or Verizon Wireless. That leaves Sprint and T-Mobile, and to be honest, this marriage makes a lot of sense.
If Sprint and T-Mobile formally announce a deal, the actual merger probably wouldn’t take place until early next year since the approval process could take several months.
What do you guys think? Will this deal be a win or a loss for consumers?
source: WSJ
Come comment on this article: Sprint and T-Mobile merger finally a reality
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