Sprint, the nation's third-largest wireless carrier, recently withdrew its intentions to acquire T-Mobile, and while No. 3 has been relatively quiet in the aftermath, T-Mobile has been firing off at its former potential partner.
Sprint has a new champion leading its Kansas-based wireless service, and he is 6-foot-6 from south of the border. The No. 3 wireless carrier in the United States not only dropped its bid for T-Mobile earlier this week, it replaced its CEO with a Bolivian billionaire.
As merger talks heat up the telecomm industry, one in particular has faced more regulatory scrutiny than others: Sprint acquiring T-Mobile. In hopes of putting together a foolproof argument before officially coming before lawmakers, the companies involved will not be making their pitches before September, according to new reports.
Sprint and T-Mobile are on the verge of announcing a merger, but speculation still swirls about the roadblocks ahead. The latest? Why, it's none other than the second-richest man in the world, Carlos Slim.
A Sprint and T-Mobile merger deal is beginning to look likely as Sprint parent company SoftBank pushes for more financing and the two companies plan a $10 billion warchest for next year's FCC spectrum auction.
A merger between wireless carriers Sprint and T-Mobile seems to be picking up steam, as Sprint parent company SoftBank Corp. has reportedly reached a skeletal agreement with T-Mobile parent Deutsche Telekom AG for the acquisition.
Sprint and T-Mobile look set to join forces in the coming amidst a telecommunications industry shakeup that will pit them against the juggernauts that are Verizon and AT&T. Is it such a good idea? Definitely, says this writer.
A merger between Sprint and T-Mobile would benefit customers, Sprint Chief Executive Officer Dan Hesse recently said in an interview with CNET, by providing a stronger third competitor that can provide coverage options different from AT&T or Verizon.
According to a new Reuters report, eight banks, including international banks JPMorgan Chase & Co, Goldman Sachs Group, Deutsche Bank AG, Bank of America Merrill Lynch and Citigroup Inc, have agreed to help finance the acquisition of T-Mobile. All in all we're looking at a $40 billion deal, $8 billion more than previously thought.