SoftBank, Deutsche Telekom Discussing T-Mobile Buyout
SoftBank CEO Masayoshi Son has begun active talks with Deutsche Telekom on how to acquire T-Mobile. According to sources cited by Bloomberg, the two companies are exploring the best way to structure such a deal. Unresolved issues include how much cash and stock SoftBank will pay, as well as how best to integrate the two companies, and what sort of break-up fees might be assigned. Deutsche Telekom wants all cash for the deal, but SoftBank wants to use both cash and stock. T-Mobile's market value is about $26 billion and SoftBank already has assurances from a handful of banks that they'll finance the deal. Son is reluctant to agree to break-up fees, as SoftBank has already taken on a lot of debt to buy Sprint. Last, the companies hope to structure the deal so that it meets as little resistance as possible from federal regulators, which are sure to scrutinize the deal closely. Bloomberg says that Sprint's management is not party to the talks, but CEO Dan Hesse knew Son wanted to buy T-Mobile when he agreed to sell a large equity stake of Sprint to SoftBank. The boards of SoftBank, Deutsche Telekom, Sprint, and T-Mobile will need to approve any deal.
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.
SoftBank Invests Another $73 Million in Sprint
SoftBank has purchased yet more shares of Sprint stock, boosting its stake in the company to just over 80%. SoftBank shelled out $73 million for about 16.8 million shares.
SoftBank Sinks More Money Into Sprint
SoftBank has been snapping up shares of Sprint, increasing its stake recently by as much as $87 million. Despite SoftBank CEO Masayoshi Son's misgivings about the overall acquisition of Sprint, SoftBank said it "is enthusiastic about Sprint's prospects.
Japan's SoftBank to Buy UK's ARM for $32 Billion
SoftBank today announced plans to buy ARM Holdings for $32 billion. SoftBank runs one of Japan's largest wireless networks and is the parent company of Sprint in the U.S., while ARM designs and licenses the Cortex-branded mobile processors often found in today's smartphones and tablets.
SoftBank to Trim Thousands of Jobs at Sprint
Masayoshi Son, CEO of SoftBank, said the company plans to eliminate thousands of jobs at Sprint in order to reduce costs and aid in the company's turn-around plans. Son made the comments while discussing SoftBank's financial performance, which was impacted negatively by Sprint.
I hope it happens.
What people fail to understand is that running a large company with lots of customers costs lots of money! Prices will absolutely go up if Sprint purchases T-Mobile and along ...
Status Quo is a non-starter
- Sprint stinks. Don't let them mess up TMUS.
- we like what TMUS is doing. Let them keep it up.
- The feds won't/shouldn't let this happen.
- We need to have 2 national GSM operators
The reality is that status quo is a false choice.
1. DT wants to sell TMUS and in my opinion will do so to whomever brings a credible offer to the table. TMUS is a drag on DT's earnings and despite the positive news under Legere & Co., DT wants out.
2. Both S and TMUS are too small (subscriber wise) to grow out of their urban/semi urban availability. They don't have the subscriber base to support the capital investment in infrastructure and also deliver acce...
Do "dumb" + "dumber" equal "dumbest"??
I dropped Verizon in favor of T-Mobile long ago, and have not looked back. I have lived in...
These are Dans words when he spoke about AT&T's proposed purchase of T-Mobile. Couldn't the same be said about putting too much power in the hands of 3? They will essentially be swallowing up another company and taking options away from US consumers. I don't care which way you slice it, if Sprint is allowed to purchase T-Mobile I will lose all faith (only a little left) in our system as it promotes double standards and is truly not doing what's best for us consumers!
This seems like a lot of money to have still a poor coverage