According to a report on DealReporter, SoftBank is close to securing $45 billion in financing from a number of large banks. According to the site’s sources, those banks include JP Morgan, CitiGroup and Bank of America. Reports from the past couple of months have [read full article]
When rumors of a Softbank takeover of T-Mobile first emerged, there were – as expected – mixed responses. T-Mobile is in its strongest position for years, and there are obviously concerns that the progress Magenta has made over the past 12 months could be negated by a takeover. On the other hand, Sprint is a “pile of spectrum” waiting to be … [read full article]
Reuters reports today that Deutsche Telekom has transferred its controlling stake in T-Mobile US to a holding company in theNetherlands. DT owns around 67% of the #4 US carrier, and this move will do nothing to kill rumors of a possible buyout. Rumors have persisted for a few months now that Sprint could be … [read full article]
With Dish Network abandoning its attempt to scoop up Sprint Nextel out from under SoftBank, the question now becomes where will they look next? Dish has made it perfectly clear that it wants to succeed and work in the wireless space, which begs the question about where … [read full article]
It’s about time another T-Mobile buyout rumor surfaced because we’ve clearly gone way to long without one of those. This time Reuters is reporting that SoftBank, the Japanese carrier is eyeing a possible deal with T-Mobile if their Sprint buyout falls through. SoftBank and Deutsche Telekom had been … [read full article]
Deutsche Telekom Chief Financial Officer Timotheus Hoettges spoke early this morning and said that the majority shareholder of T-Mobile USA can sell the company to a buyer before the 18-month share lock-up period is over. Hoettges spoke to shareholders at the annual Deutsche Telekom meeting in Cologne, Germany earlier this morning. His comment was in response to a question from an … [read full article]
With the shareholder vote behind us, the T-Mobile/MetroPCS merger is free to close and is expected to do next Tuesday. With that closing date just 96 hours away, it’s time to take a step back and understand how this deal will affect … [read full article]
As MetroPCS shareholders voted in favor of a merger with T-Mobile yesterday, the company announced its first quarter 2013 financials. The good news is that MetroPCS is making money with a new income of $19.4 million for … [read full article]
Bloomberg is reporting that MetroPCS shareholders have spoken, and the deal has received their blessing. The vote marked the last in a series of steps both companies were going through in order to finalize the combination of … [read full article]
Just a quick reminder for everyone out there that tomorrow marks D-Day for the T-Mobile USA/MetroPCS merger. Widely expected to go through after Deutsche Telekom upped the offer, MetroPCS shareholders will begin voting at 8am Central Time tomorrow. Results are expected later in the day and I expect we’ll … [read full article]
