Well, at least for now. Both T-Mobile and Sprint have released separate statements during the weekend, saying that they have mutually agreed to call off further discussions with regards to a possible merger transaction between the two major US wireless carriers. John Legere, the chief executive officer of T-Mobile has stated through an official press release that despite the many benefits of a combined entity consisting of the third and fourth largest mobile operators in the country, the proposed deal was not able to offer a superior long term value for the company’s shareholders.
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.
In a bid to try to compete with the Big Four (namely Verizon Wireless, AT&T, T-Mobile, and Sprint), Comcast and Charter have decided to join forces in order to enter the wireless market in the United States. Specifically, the two cable TV giants are looking not only to forge a partnership but also make full use of separate mobile virtual network operator deals that both have struck with industry leader Verizon.
This week saw United States lawmakers grill the second biggest wireless carrier in America regarding its plans to complete its acquisition of media empire Time Warner for a sum of $85 billion. Some of the questions thrown by the US Senate antitrust subcommittee revolved around how the merger would potentially impact prices for Americans or affect fair competition among online video content service providers.
The last few weeks have seen shares of both T-Mobile and Sprint improve, partly thanks to some rumors that the two major US wireless carriers are looking to merge under the upcoming administration of President-elect Donald Trump. Industry watchers believed that a merger between the two mobile operators was unlikely to happen under President Barack Obama’s reign, but that could change with Trump as the leader of the free world. However, the folks at Cowen and Company Equity Research are saying that the merger is far from a sure thing.
AT&T confirmed over the weekend that it will be acquiring Time Warner for a sum of $85.4 billion, which makes it one of the most expensive acquisitions in history. The merger will be done via a half stock, half cash deal, and both companies are expecting the acquisition to be finalized by the end of next year.
If regulators approve this deal, it would mean that AT&T would gain ownership of Time Warner’s treasure trove of content, which includes CNN, HBO, Cartoon Network, Adult Swim, Warner Bros, New Line Cinema, TNT, and TBS.
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.