Per Forbes:
Sprint, T-Mobile Said To Close In On Stunning $32 Billion Merger
In a deal that will send shock waves through the telecommunications industry, Bloomberg has revealed Sprint is nearing agreement on a deal to acquire T-Mobile for $32 billion . The deal equates to $40 per share, a 17% premium on Wednesday's price at the close of trading, and will create a US super carrier to compete head-on with Verizon and AT&T .
Under the terms of the deal, T-Mobile majority owner Deutsche Telekom will trade its 67% stake for 15% of the merged business. The deal will also include a $1 billion breakup fee that Sprint will pay T-Mobile should the deal not go through.
Quoting "people with knowledge of the matter," Bloomberg said the $32 billion mega deal will be financed 50% in stock and 50% in cash. It also confirmed the deal is still some way off from being formally announced with neither company likely to make the news official until July.
I guess they don't mind that the networks are incompatible?
Quote from: Lunican on June 05, 2014, 08:58:47 AM
I guess they don't mind that the networks are incompatible?
I think once it all goes through, is approved and one company starts to absorb the other (not sure which one though), we'll already be on 5G and they can make the move then.
I would hope they go with Tmobile's GSM. GSM is an international standard and the far superior technology.
I thought LTE was the superior network , which is what Sprint is on.
Tmobile has LTE and it works much better than anything I've ever seen from sprint. Between the two tmobile has the (much) better network.
Agreed that T-Mobile is the better service. I have my cell service through MetroPCS and had one of the phones T-Mobile carried over to their LTE network. Reception has improved dramatically.