With rumors of Sprint and T-Mobile finalizing a deal that would merge the two companies, rumors are now being revealed which hint at Mexican billionaire Carlos Slim being interested in purchasing T-Mobile. According to the Wall Street Journal, Slim recently received cash from his sale of shares of América Móvil and currently owns an interest TracFone, a US prepaid wireless service that is the country’s fifth largest carrier. TracFone currently leases capacity in large cellular networks operators like AT&T and Sprint. Last week, America Movil announced that it was going to slash its market share in Mexico from 70% to 50%…
BusinessInsider When T-Mobile announces their Q2 results at the end of the month, analysts expect T-Mobile to continue being the “fastest-growing wireless company in the U.S.” According to TMONews, T-Mobile’s record Q1 results showed 2.4 million net adds between January 1st and the end of March. Therefore, it should not be a surprise to see T-Mobile not replicate that growth again. With 7% service-revenue growth, T-Mobile would continue to keep the title as the fastest-growing wireless company in the country. Even with Sprint/T-Mobile merger details continuing to be leaked, it is becoming more difficult to argue that T-Mobile by itself is not quickly approaching AT&T and Verizon as…
A report from Asian publication, Nikkei, that claims that a deal is officially in place and just the final details need to be ironed out.
Sprint has been talking to eight different banks that are willing to help finance the deal. The merger would put together the third and fourth largest mobile operators in the US.
According to some analysts, Sprint will be able to save up to $6.6 billion on a variety of costs if they are able to merge with T-Mobile. In order to achieve those savings, Sprint will also need to slash prices with deep discounts and most likely a decline in immediate revenue.
One of Son’s biggest project has been his insistence that a merger with T-Mobile would allow Sprint to enter the home broadband market through fixed-LTE broadband space. Yet, this week, Sprint CEO Dan Hesse stated that offering a fixed LTE service is nowhere on Sprint’s horizon.
Sprint & T-Mobile have agreed on the broad outlines of a merger valuing T-Mobile at around $32 billion, according to the Wall Street Journal. Under the deal, Sprint would pay around $40 a share for T-Mobile during the summer time. The deal would be roughly 50% cash and 50% stock. T-Mobile’s largest shareholder, Germany’s Deutsche Telekom AG, would retain a stake of 15% to 20% in the new company.
If allowed to merge, Comcast would therefore controls nearly 40 percent of the U.S. broadband market and provide cable to almost a third of American homes. But of course, Comcast and Time Warner Cable say that this is not anti-competitive and is in the public interest. Time Warner Cable CEO Robert Marcus One listed so-called competitors of Comcast and Time Warner Cable and put mobile networks high on the list
According to a new report from the Wall Street Journal, Sprint is currently preparing to offer a bid to buyout T-Mobile. Reportedly an offer could come sometime in the first-half of 2014.
Political tensions between China and Taiwan mean that a possible merger between HTC and Huawei or Lenovo could be difficult. Could a suitor be found elsewhere?