According to recent reports, the merger deal between T-Mobile and Sprint could be announced this weekend, with CNBC reporting that it could happen this coming Sunday. Another report from Bloomberg has indicated that the potential tie up now has set valuation terms. Last year had seen increased negotiations between the two major US wireless carriers with regards to a merger agreement, but around five months ago, the talks had collapsed.
It appears that major wireless carriers T-Mobile and Sprint are at it again -- initiating merger negotiations anew, at least according to a report recently published by the Wall Street Journal. As indicated in the report, the talks are said to be in the early stages, which means that an agreement between the two parties is not to be expected as of the moment.
Google has recently confirmed that it has completed its acquisition of a significant portion of HTC’s hardware division. First made public back in September of last year, the deal is worth $1.1 billion, and basically involves Google absorbing more than 2,000 engineers from the Taiwanese phone maker (that is about 20 percent of HTC’s crew of engineers, including members of the team that developed and built the Pixel devices).
T-Mobile has recently signed an agreement to acquire Layer3 TV, and subsequently introduce a new TV service some time in 2018. Based in Colorado, Layer3 TV is a well known cable company that not only provides basic cable TV services and premium channels, but also streams online video and social media in several markets throughout America. In buying the Layer3 TV brand, T-Mobile is looking to make full use of the cable company’s video content offerings in order to better compete with legacy cable and satellite video operators.
According to a report recently published by the Nikkei Asian Review, it appears that SoftBank, the parent company of Sprint, is planning to cease merger talks with Deutsche Telekom, the parent company of T-Mobile, at least for now.
According to a report recently published by Bloomberg, major US wireless carriers T-Mobile and Sprint are said to be finalizing the terms of a proposed merger deal, which could be officially announced before the end of this month, when both companies will be releasing their respective quarterly earnings report.
According to a very recent report released by CNBC, the parent companies of major US wireless carriers T-Mobile and Sprint are in active talks regarding a potential merger. T-Mobile parent Deutsche Telecom is said to be engaging in discussions with Sprint parent SoftBank about the possibility of effecting a stock for stock agreement that would have the former become the majority owner of the resulting combined business entity.
At the start of last weekend, the Wall Street Journal has published a report stating that Sprint had proposed a merger deal with Charter Communications that would effectively place the combined business entity under the control of Masayoshi Son, the chairman of SoftBank (which is the parent company of Sprint). Charter, however, has said that it is still looking to take full advantage of its existing MVNO deal with Verizon Wireless, and claimed that it is not planning to acquire Sprint.
Last week, there was talk that Dish Network and Amazon were engaging in discussions for a potential partnership, a move that just might begin to challenge the dominance of the Big Four carriers in the United States (namely Verizon Wireless, AT&T, T-Mobile, and Sprint) as well as those cable companies who are already entering into the wireless industry.
Verizon Wireless has recently announced this week that it had managed to close its $4.48 billion buyout of Yahoo, amidst a lengthy and at times tricky negotiation phase replete with shareholder spats and breaches of security. As Yahoo moves on to a whole new chapter (where it is no longer an independent business entity), Marissa Mayer, the chief executive officer of the Internet giant, has chosen to step down, announcing the decision on Tumblr.
Wirefly Is America's Most Trusted Source For All Cell Phones, Plans, TV, and Internet Deals
Wirefly offers great deals on a large selection of smartphones, cell phones, tablets, mobile hotspots, and other wireless devices for the nation's most popular carriers. Use Wirefly’s innovative cell phone and plan comparison tools to ensure you are getting the best deal on the market. Shop with confidence knowing that Wirefly wants to help you find the best prices on cell phones, cell phone plans, TV, and Internet service.