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Sprint Execs Talk T-Mobile with Justice Department

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Jan 29, 2014, 8:05 AM   by Eric M. Zeman

Sprint's senior executives recently met with members of the U.S. Department of Justice to ascertain just how much opposition a merger between Sprint and T-Mobile might face. The meeting included Masayoshi Son, CEO of SoftBank, which holds a majority stake in Sprint, and Dan Hesse, CEO of Sprint. Justice Department officials told Son and Hesse that such a deal would "face skepticism" from government regulators, according to people familiar with the details of the conversation. Regulators appear to favor the current competitive environment, which includes four national network operators, as opposed to three were Sprint and T-Mobile to combine. Sprint already has commitments from banks to finance the deal. SoftBank and Deutsche Telekom, which owns 67% of T-Mobile, have met to iron out the broad strokes of a merger/acquisition. Many details have yet to be finalized before an acquisition is formally proposed.

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Jan 29, 2014, 12:04 PM


T-Mobile alone sucke's.....
I hope the hole government opposed to that,
I've been with T-Mobile since the day the S4 came out, I'm happy with them. Fast HSPA+, fast LTE, I live in Ct. Solid coverage, New Haven, Waterbury, Hartford, southern Fairfield county, all solid coverage.

Jan 30, 2014, 9:28 AM

I cant wait...

Until AT&T has their say in this matter! I think its going to be very hard for Hesse and Softbank to show the good with this when Big Blue will step in and just press PLAY on the recording of when Dan said "this country needs more competition, not eliminating it" (paraphrase).

I would be totally against this if the government would let this pass for a many reasons:
1) It will eliminate competition.
2) It will eliminate jobs.
3) This will enable a foreign company to have more share of the US market. I know this sounds silly but there's something to be said with AT&T and now Verizon, the top two carriers, being completely US companies!

Now if a company like US Cellular or another smaller carrier would step in and make a purchase that ...
Here is where you are wrong.
1. T-Mobile is already a foreign company with the majority owner being DT from Germany.

2. The Vodaphone divesture is not yet finalized so VZW is still partly foreign owned. And yes that reason did sound silly. AT&T m...

Jan 30, 2014, 8:52 AM

Dan Hesse trying to get John Legere under control

Softbank and Dan Hesse want to get t-mobiles ceo under control. This buyout would be just as big of a disaster as the sprint buy out of nextel! I agree, we need to have atleast 4 national carriers to keep prices competitive.

Jan 29, 2014, 6:32 PM


I know of several people who left Sprint to go to Tmobile. I don't see this deal going over well with too many customers from either side, if this deal does go through. But, I'm in agreement with the idea that four carriers is more ideal than three. Which is why I want to see BlackBerry and Windows Phone do well. More options for everyone is better.
You totally right,
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