Cable / Telecom News

T-Mobile, Sprint, announce merger agreement


BELLEVUE, Wash., and OVERLAND PARK, Kan. – T-Mobile US and Sprint announced Sunday an all-stock transaction to merge the two wireless companies.Based on closing share prices on Friday, the deal represents a total implied enterprise value of approximately US$59 billion for Sprint and approximately US$146 billion for the combined company, says the official, lengthy, press release.The combined company will be named T-Mobile, and with the “combination of spectrum holdings, resulting network scale, and expected run rate cost synergies of US$6+ billion, representing a net present value (NPV) of US$43+ billion will supercharge T-Mobile’s Un-carrier strategy to disrupt the marketplace and...