Apr
28
T-Mobile calling for merger with Sprint
Posted in: Uncategorized
T-Mobile U.S. and its German owners are advancing toward a long-awaited telecommunications union that would value merger partner Sprint at about $24 billion, according to people with knowledge of the matter.
Under the terms being discussed, T-Mobile backer Deutsche Telekom would receive a 42 percent stake and 69 percent voting interest in the combined company, said the people, who asked not to be identified because the talks are private.
The deal would value Sprint shares at about $6.10 apiecebelow their $6.50 close Friday in New York.
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