T-Mobile, Sprint Reach Breakthrough On Potential Merger
T-Mobile and Sprint have made significant progress in ironing out merger terms, according to Reuters. T-Mobile and Sprint have made a "major breakthrough" on a merger between them. As it stands, SoftBank, Sprint's parent, would own between 40% and 50% of the combined company, with Deutsche Telekom, T-Mobile's parent, owning the majority stake. These terms are near final and will require due diligence before a deal is announced, which may happen as soon as the end of October, according to Reuters' sources. In addition to shareholder and board approval, the deal would face regulatory scrutiny from the U.S. government. SoftBank was forced to abandon an attempted merger with T-Mobile back in 2014 due to government pressure. The combined T-Mobile/Sprint entity would catapult to 130 million customers, putting it just behind rivals AT&T and Verizon Wireless. T-Mobile and Sprint declined to comment on Reuters' story.
Google Intros 'Zero-Touch' Android Enterprise Deployments
Google today made it easier for businesses to configure and deploy Android handsets to employees with a new tool called zero-touch enrollment. Google says zero-touch lets companies configure purchased devices and ship them directly to employees completely preconfigured with corporate policies and controls all in place.
Apple Watch Series 3 Supports Carriers' One Number Calling and Messaging
Apple this week announced the Apple Watch Series 3 with an optional cellular radio. The LTE radio makes it possible for the smartwatch to connect to cellular networks on its own, without a nearby iPhone.
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.
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.
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.
The LTE bands and coverage.
Not that both networks were that great for network coverage in the first place.