T-Mobile and Sprint Zeroing In on a $32 Billion Merger
Source: NY Times
By DAVID GELLES and MICHAEL J. DE LA MERCED
Responding to a wave of consolidation in the telecommunications industry, the nations third- and fourth-largest wireless phone operators have agreed on the terms of a deal to join forces.
Sprint and T-Mobile have talked about a combination for years but continued to put it off, each preoccupied with other deals, and concerned about scrutiny from antitrust regulators.
But in recent days, the two sides have settled on the terms of a $32 billion deal that is likely to be announced this summer, people briefed on the matter said on Wednesday.
Under the terms of the deal, which are still preliminary, Sprint would acquire T-Mobile for about $40 a share in cash and stock, a 17 percent premium to Wednesdays price.
FULL story at link.
Read more: http://dealbook.nytimes.com/2014/06/04/sprint-and-t-mobile-agree-on-terms-of-32-billion-deal/
Andrew Kelly/Reuters
A Sprint store in New York.
onehandle
(51,122 posts)Initech
(100,068 posts)It's trickle up. As in they get it all and we get nothing.
Timez Squarez
(262 posts)You beat me to the punch on posting this. Deleting...
tomm2thumbs
(13,297 posts)gotta work that conglomerate thing to the max
davidpdx
(22,000 posts)then the rest of the companies will merge at the end of the year into one big fucking giant money sucking blowhard leech.
Mnpaul
(3,655 posts)I had their prepaid 4G service. Half the time, I couldn't buy time on their non functional website and had to do it by phone. Attempts to resolve the problem by using their forum also was unsuccessful. Forum workers were more interested in marking the question as resolved than actually providing solutions.
The final straw came when the sim card became locked and neither T-Mobile nor the company who sold me the device were interested in providing a new one. When I was on the phone with T-Mobile "tech" support, I had to give them my phone number because the phone that their "tech" support was using kept cutting out. The tried to tell me that their device wouldn't work on my tablet after I had been using it on that tablet for over a year. Every time I called, they attempted to blame my equipment for their failures. $40 a share is way overpriced for this joke of a company.
I now use a company called Red Pocket that uses T-Mobile's network but has a functional website and quick service.
Xithras
(16,191 posts)I've been a TMo user for many years without complaint, but when my daughter went off to college she picked up a TMo prepaid account and was miserable with it. I ended up activating a line for her on our family plan and she hasn't had a problem since.
freshwest
(53,661 posts)justabob
(3,069 posts)I switched to Metro PCS to get away from effing sprint. Then effing T Mobile bought Metro PCS and now I am looking at being a Sprint customer again?!!!! ARGH.... please no.
AngryDem001
(684 posts)Where fair prices and a competitive marketplace are virtually non-existent!
UGH. PLEASE don't approve this, Feds.
Fuddnik
(8,846 posts)Sprint was rated as recently as a month ago as the absolute worst customer service of ANY industry. Not just cell service.
I had their network a couple of years ago with Straight Talk and it sucked. I've had T-Mobile for a couple of years, and have never had a problem.
I never thought anything could drive me to Verizon, but this will do it.
MurrayDelph
(5,294 posts)T-Mobile is GSM and Sprint is CDMA.
And both are crap. Until four years ago, I had a company-provided T-Mobile Blackberry that wouldn't work in my house. And my house is in the center of the San Fernando Valley (Los Angeles for those not familiar). You couldn't get any more center of the Valley if you tried, but when the phone called, I had to go outside to answer (and hope).
Mnpaul
(3,655 posts)I don't see them changing to just one format. In the Twin Cities metro area one dominates the west side and the other the east.
quakerboy
(13,920 posts)And is in the process of converting it over to gsm.
Poorly, it seems to me.
They give you a Sim card and you have access to Tmobiles GSM towers, but treat it like cdma, with your service locked to one phone.
SoapBox
(18,791 posts)Higher rates...worse service...layoffs...and it will be rubber stamped by "regulators".
Oh so predictable.
area51
(11,908 posts)Omaha Steve
(99,624 posts)Marta and I met in Mrs brown's history class.
trublu992
(489 posts)This is what the Republicans call competition!
AngryAmish
(25,704 posts)Earth_First
(14,910 posts)Duppers
(28,120 posts)Consumer Reports rated T-Mobile as descent but Sprint very low.
Need to change my carrier anyway.