Banks Lining Up to Fund Sprint Acquisition of T-Mobile
Jan 17, 2014, 8:27 AM by Eric M. Zeman
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.
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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