T-Mobile and Sprint will complete merger within weeks, report says

T-Mobile Sprint merger looks official with new date

Rumors have been swirling for months about a T-Mobile/Sprint hookup, but things are getting very realistic, very fast. A new report from CNBC quotes sources who say that both sides are now entering due diligence, with a formal deal announcement expected for late October.

The deal will be all stock, and the exchange ratio will be "at market," according to CNBC's sources. Deutsche Telekom, T-Mobile's owner, would become the majority shareholder after the merger.

Continue reading...

Trending right now:

  1. Drop test confirms Apple totally lied about the glass back on the iPhone 8
  2. More new Pixel 2 features may have just leaked
  3. Is Samsung going to launch the bendable Galaxy X phone soon?
Post Tagged with , ,

Comments are closed.