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Omaha Steve

(99,624 posts)
Wed Jun 4, 2014, 10:07 PM Jun 2014

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 nation’s 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 Wednesday’s 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.
21 replies = new reply since forum marked as read
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T-Mobile and Sprint Zeroing In on a $32 Billion Merger (Original Post) Omaha Steve Jun 2014 OP
Ban giant corporate mergers. nt onehandle Jun 2014 #1
And ban "trickle down" economics. For good. Initech Jun 2014 #3
Damn Timez Squarez Jun 2014 #2
THEN Apple will buy them up.... perfect tomm2thumbs Jun 2014 #4
No I was thinking Comcast after they finish buying Time-Warner davidpdx Jun 2014 #18
T-Mobile is a joke Mnpaul Jun 2014 #5
Tmo's prepaid service has always sucked, but their monthly service works well. Xithras Jun 2014 #20
Oh, crap. freshwest Jun 2014 #6
no no no justabob Jun 2014 #7
Welcome to American Capitalism! AngryDem001 Jun 2014 #12
My exact thought NO NO NO!!!!!! Fuddnik Jun 2014 #8
But how will they raise the children? MurrayDelph Jun 2014 #9
I think that they will use both Mnpaul Jun 2014 #11
Tmo bought metroPCS quakerboy Jun 2014 #14
Another mess, up and coming. SoapBox Jun 2014 #10
Teddy Roosevelt is spinning in his grave. n/t area51 Jun 2014 #13
The trust buster Omaha Steve Jun 2014 #16
Damn it there's no where to run, they are determined to trap us. trublu992 Jun 2014 #15
no AngryAmish Jun 2014 #17
YAY! More choices! Earth_First Jun 2014 #19
German & Japanese companies Duppers Jun 2014 #21

Initech

(100,068 posts)
3. And ban "trickle down" economics. For good.
Wed Jun 4, 2014, 10:17 PM
Jun 2014

It's trickle up. As in they get it all and we get nothing.

davidpdx

(22,000 posts)
18. No I was thinking Comcast after they finish buying Time-Warner
Thu Jun 5, 2014, 07:04 AM
Jun 2014

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)
5. T-Mobile is a joke
Wed Jun 4, 2014, 10:39 PM
Jun 2014

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)
20. Tmo's prepaid service has always sucked, but their monthly service works well.
Thu Jun 5, 2014, 12:13 PM
Jun 2014

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.

justabob

(3,069 posts)
7. no no no
Wed Jun 4, 2014, 10:44 PM
Jun 2014

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)
12. Welcome to American Capitalism!
Thu Jun 5, 2014, 12:34 AM
Jun 2014

Where fair prices and a competitive marketplace are virtually non-existent!

UGH. PLEASE don't approve this, Feds.

Fuddnik

(8,846 posts)
8. My exact thought NO NO NO!!!!!!
Thu Jun 5, 2014, 12:00 AM
Jun 2014

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)
9. But how will they raise the children?
Thu Jun 5, 2014, 12:02 AM
Jun 2014

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)
11. I think that they will use both
Thu Jun 5, 2014, 12:22 AM
Jun 2014

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)
14. Tmo bought metroPCS
Thu Jun 5, 2014, 03:29 AM
Jun 2014

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)
10. Another mess, up and coming.
Thu Jun 5, 2014, 12:03 AM
Jun 2014

Higher rates...worse service...layoffs...and it will be rubber stamped by "regulators".

Oh so predictable.

trublu992

(489 posts)
15. Damn it there's no where to run, they are determined to trap us.
Thu Jun 5, 2014, 04:31 AM
Jun 2014

This is what the Republicans call competition!

Duppers

(28,120 posts)
21. German & Japanese companies
Thu Jun 5, 2014, 12:46 PM
Jun 2014

Consumer Reports rated T-Mobile as descent but Sprint very low.

Need to change my carrier anyway.

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