Posts tagged softbank

Sprint - T-Mobile Merger

Speaking at a conference recently, the CFO of T-Mobile, Braxton Carter has thrown light on the ongoing talks of the carrier being acquired by Sprint. According to him, it is most likely going to happen, but he wasn’t sure when. This comes after talks of regulatory authorities such as the FCC cried foul over the proposed merger between the third and fourth largest carrier in the U.S.

Sprint - T-Mobile Merger

Sprint and T-Mobile could be rethinking a possible, according to sources close to the two companies who have been speaking to The Wall Street Journal. SoftBank CEO Masayoshi Son is reportedly interested in the deal as well — but not if it is unlikely to be approved.

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Satellite TV provider Dish Network is looking to derail Sprint’s deal with SoftBank and acquire the carrier with a $25.5 billion bid. Dish has offered $17.3bn in cash and $8.2bn in stock for 100% of Sprint shares, and the company argues that the deal represents a 13% premium over SoftBanks “complicated” bid to acquire 70% for $20.1 billion.

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Sprint has today announced its fourth quarter and full year financial results for 2012, and they don’t make for pleasant reading. Despite healthy smartphone sales driven by the iPhone, the carrier reported a loss of $1.3 billion for during the three-month period, which is the same figure it lost during Q4 2011. It also saw more than 1 million Nextel subscribers jumping ship.

SoftBank will combine with Sprint to become one of the world’s largest carriers.

SoftBank, Japan’s third-largest carrier, has this morning announced that it will acquire Sprint in a deal worth $20.1 billion. The company will purchase $8 billion in newly-issues shares from Sprint, in addition to $12.1 billion in existing shares — giving it a 70% stake overall.

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