Mobile, Sprint in Talks About a Merger

Mobile, Sprint in Talks About a Merger

This isn't the first time that we've seen reports indicating a near-done deal on the merger, however, as the two companies were believed to be more or less set to merge three years ago, at a time when T-Mobile was a much smaller player in the market than it now is and Sprint was the bigger whale.

Following reports of a merger between the two companies, shares for Sprint have increased by 5% to $8.35 in premarket training, whilst T-Mobile's have increased by a smaller amount of 1% to $64.20.

That would be the opposite of how things were going in 2014 when Sprint was attempting to buy T-Mobile.

The two companies rose earlier this week on news of the possible merger. Talks between the two sides began earlier this year. T-Mobile's owner, Deutsche Telekom and the rest of T-Mobile shareholders, will take over the majority. Both companies saw their stock prices rise on Friday, more so for Sprint, as Wall Street reacted to the news that a deal may be very close.

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CNBC, citing analyst reports, said that a combined company would top $70 billion in revenues.

Faber relates that T-Mo's chief executive, John Legere, did not respond to a request for comment.

Should the merger be successful, the combination of third and fourth largest United States wireless carriers would create a business with more than 130m subscribers, placing it just behind Verizon and AT&T. Once deal terms are set, T-Mobile and Sprint can begin the due diligence process, with an official deal estimated to be complete by late October. The Obama administration was more reserved regarding big business mergers, but with the Trump administration's business background and pro-job message, it could be more lenient regarding the merger.

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