Now that most of the legal and regulatory hurdles have been taken care of, the only thing left for the T-Mobile and Sprint merger to complete is the approval from the California Public Utilities Commission. With this as the only thing they’re waiting for, the two companies have announced a change to their agreement to merge.
As reported by CNBC, the new deal gives Deutsche Telekom a slightly higher stake in the New T-Mobile company. They won’t also require a new shareholder vote, which could potentially delay the deal that has been pending for nearly two years.
The new deal gives Deutsche Telekom 43 percent ownership of the new company. Meanwhile, Sprint’s Softbank investor will own 24 percent of the company. The remaining 33 percent will be owned by public shareholders.
As announced, the merger could be wrapped up by April 1st, just before CEO John Legere steps down from his post.
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