jh-siesta.com January 22, 2018

Sprint bonds drop on T-Mobile merger doubts

31 October 2017, 12:37 | Sammy Green



In the past three days, the companies have been unable to get past differences over valuation, according to a person close to T-Mobile parent Deutsche Telekom, who asked not to be identified discussing private information.

It will diminish SoftBank's intended penetration of the important United States of America market, a strategy that includes a US$50bn investment. Representatives from SoftBank and T-Mobile could not be immediately reached for comment.

This wouldn't be the first time that a Sprint and T-Mobile deal falls through.

Son met with Trump the month before he took office to talk up an investment in USA businesses. While SoftBank initially approved this setup, the company's board decided at a meeting Friday that they would not give up control after all.

The two had been in negotiations for months. Rumors about the most recent talks circled for a long while before they were made official.

A merger between Sprint and T-Mobile would have created a company with more than 130 million USA subscribers, just behind Verizon Communications Inc and AT&T Inc. The rumored T-Mobile Sprint merger, which is just about old enough to vote, has reportedly been called off. T-Mobile fell by as much as 4%. Wireless data prices have been falling.

The combination of major carriers - seen as all but inevitable earlier this month - could have been problematic from a regulatory point of view, not to mention the job losses and impact on rates for US consumers and businesses, but the ability of both to go it alone has been in doubt for some time.

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