Tag Archives: T-Mobile Sprint merger

California Public Utilities Commission issues proposal to approve the T-Mobile-Sprint merger

Hot on the heels of California’s Attorney General saying that he won’t appeal the ruling in T-Mobile-Sprint merger lawsuit, some more good news for the merger has come out of California. The California Public Utilities Commission has issued a proposal to approve the merger of T-Mobile and Sprint. The approval comes with “extensive conditions” that aim to mitigate any adverse impacts on competition and to … [read full article]

California AG Xavier Becerra will not appeal judge’s T-Mobile-Sprint merger ruling

Following New York Attorney General Letitia James’ announcement that she won’t be appealing the judge’s decision to allow T-Mobile and Sprint’s merger to go forward, California’s AG has now made a similar announcement. California Attorney General Xavier Becerra will not appeal the judge’s decision last month to reject the state AGs’ lawsuit against the T-Mobile-Sprint merger. [read full article]

California utilities commission won’t make T-Mobile-Sprint merger decision until April 16th

T-Mobile has said that its merger with Sprint could close as soon as April 1st, but it’s looking like that may not happen. While T-Mobile and Sprint have secured most of the approvals they need to complete their merger, they’re still waiting to get the green light from the California Public Utilities Commision. The CPUC is the last state utility commission of 19 total that … [read full article]

T-Mobile, Sprint confirm updated merger agreement

Just as was rumored, T-Mobile and Sprint have now confirmed that they’ve updated their merger agreement. The new agreement includes an exchange ratio of 11.00 Sprint shares for each T-Mobile share, up from the original agreement of 9.75 Sprint shares. SoftBank, Sprint’s owner, has agreed to surrender 48.8 million T-Mobile shares acquired in the merger to the New T-Mobile, making SoftBank’s effective ratio 11.31 shares per T-Mo share. Sprint shareholders … [read full article]

T-Mobile and Sprint reportedly close to new merger terms

We’ve heard rumblings recently that T-Mobile and Sprint may be working on new terms for their merger, and now it sounds like an updated deal could be close. T-Mobile and Sprint are said to be “close” to agreeing on a new deal and that they’re planning to announce it as soon as today. That’s according to sources speaking to the Wall Street Journal, who caution that the … [read full article]

Deutsche Telekom reportedly wants to renegotiate price of T-Mobile-Sprint merger

T-Mobile and Sprint won in the courtroom this week when a judge rejected a state lawsuit that sought to block the carriers’ merger, but their deal isn’t quite done yet. A new report says that before the merger happens, Deutsche Telekom wants to renegotiate the terms of the deal. It’s said that T-Mobile parent company Deutsche Telekom wants a lower price for the deal because Sprint’s … [read full article]

Judge approves T-Mobile-Sprint merger

It’s official: T-Mobile and Sprint’s merger has been approved by the judge presiding over a trial involving 14 state attorneys general. In his decision, Judge Victor Marrero said that the merger is not likely to substantially lessen competition like the suing state AGs had claimed it would. The judge also rejected the argument that Sprint would continue to be competitive if the merger were blocked, saying that … [read full article]

Final arguments in T-Mobile-Sprint merger trial made today

After delivering their testimonies and breaking for the holidays, the two sides in the T-Mobile-Sprint merger trial met again today to deliver their final arguments. Glenn Pomerantz, a lawyer for the 14 states suing to block the merger, argued that the trial will impact at least 130 million customers since the deal would reduce the number of major U.S. carriers from four to three. “If this merger goes … [read full article]