Banks Lining Up to Fund Sprint Acquisition of T-Mobile
Sprint has received proposals from several banks with respect to financing a potential bid for smaller rival T-Mobile. No such deal has been announced, but as many as three banks have approached Sprint with offers to provide the needed capital. The Wall Street Journal reports that banks are looking at a total value for T-Mobile of about $50 billion, including $31 billion for T-Mobile itself and an additional $20 billion to cover T-Mobile's debt. The Journal says executives at Deutsche Telekom and SoftBank, the companies that own T-Mobile and Sprint, respectively, have agreed in principle that the companies' best chance to compete against AT&T and Verizon Wireless is to combine forces. Such a deal would require regulatory approval, which could be a major hurdle for the merger to jump. Deutsche Telekom and SoftBank execs want the deal to be completed before the start of a major spectrum auction scheduled to take place in the middle of 2015. They believe it may take more than a year to win regulatory approval for a proposed merger.
Alcatel Announces the Idol 5S with Stereo Speakers
Alcatel today marked the debut of the Idol 5S, the latest in its flagship series. Like its predecessors, the 5S features an aluminum frame, curved glass front and rear surfaces, powerful stereo speakers, and a rear-mounted fingerprint reader.
Dish Seeking Cash for Possible T-Mobile Deal
Dish Networks is discussing loans of $10 to $15 billion with banks, reports the Wall Street Journal, which it would use to finance a merger with or acquisition of T-Mobile. Dish and T-Mobile are believed to be holding merger talks, though a deal is not imminent.
T-Mobile and Dish Discussing Possible Merger
T-Mobile and Dish Networks are negotiating a potential merger between the two companies, reports the Wall Street Journal. The companies have agreed to some of the broad strokes of combining, but not the details.
Deutsche Telekom Shopping T-Mobile to Comcast
Deutsche Telekom is discussing with Comcast the possibility of the cable firm buying T-Mobile US. Deutsche Telekom is talking to several other companies, including Dish Networks, but Comcast is seen as the primary contender thanks to its stronger finances.
T-Mobile Parent Still Wants To Offload the Uncarrier
Deutsche Telekom, majority owner of T-Mobile, believes the Uncarrier's best chances of success are to merge with or be acquired by another large carrier. Deutsche Telekom CEO Tim Hoettges, speaking to Re/code, said T-Mobile lacks the scale enjoyed by rivals AT&T and Verizon Wireless.
FCC needs to block this deal
Too many different technologies, bands. So much confusion and chaos. You can count on layoffs for sure. The only reason why the japs want this is because they feel threatened by T-Mo. Just the old eliminate the competition play. Feds won't approve it, Verizon and AT&T will c*ck block it.
In a perfect world, T-Mo could purchase US Cellular. They already own similar spectrum. The CDMA to GSM transition wouldn't be that hard. They could just leave the CDMA alone for a bit just like they did with MetroPCS.
The combined entity would have 56 milli...
I don't get it...
Unless I'm missing something, which I would like to be enlighten then.
Let's hope this doesn't happen