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.
Things are really heating up in the U.S. wireless industry as a Sprint and T-Mobile merger begins looking more likely, causing some giants to go on the defensive.
Despite regulatory hurdles, Sprint and T-Mobile have reportedly agreed on a $32 billion merger, hoping that the trend of consolidation in the telecommunications industry will help the deal go through.
Hold your horses, folks. Although recent reports have hinted that a Sprint and T-Mobile merger is gaining steam, there's actually little to support that.
Despite concerns over regulatory hurdles, SoftBank chief executive and Sprint chairman Masayoshi Son reiterated the need for a merger with T-Mobile and praised the fellow carrier at Recode's Code Conference in California Wednesday.
Looks like T-Mobile's goal to shake up the wireless industry is paying off. The carrier reported an incredibly successful first quarter, adding more subscribers than any other U.S. wireless service provider and overtaking Sprint as the No. 3 smartphone buyer.
Texas has become a breeding ground for Hispanic-owned businesses and entrepreneurs, but wireless technologies appear to be a problem in targeting audiences and markets.
The FCC may be on the front pages for its take on net neutrality but agency regulators quietly voted in a rule Thursday for the 2015 spectrum auction that has major telecom companies AT&T and Verizon steamed. Why? They won't be able to buy as much spectrum as they'd probably like.
A proposed rule that would reserve certain amounts of low frequency spectrums for smaller carriers at the 2015 FCC spectrum auction continues to come under fire from carriers AT&T and Verizon. Sprint and T-Mobile, they say, have chosen to dig themselves into their current holes and shouldn't get crutches.
T-Mobile seems to be the hottest neighbor on the block. Satellite TV provider Dish Network could step in to buy out the nation's fourth-largest wireless carrier if Sprint's plans to acquire the company don't go through.
Despite resistance from the U.S. government, Sprint could finally make an offer for U.S. wireless carrier T-Mobile within a couple months, according to a new Bloomberg report.
The Los Angeles Clippers took a big financial hit to their sponsorship, brand name, and bottom line in the aftermath of Donald Sterling's racist comments recently revealed on TMZ.com.
