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T-Mobile, Sprint agree all-stock merger
2018-04-30 08:32:00| Telecompaper Headlines
(Telecompaper) T-Mobile US and Sprint have agreed to merge in an all-share deal, creating a new major player in the US mobile market to rival Verizon and AT&T. Under the agreed terms, Deutsche Telekom will own 42 percent of the merged group, and SoftBank Group will have a 27 percent stake, with the remainder listed on the stock market. The group will be called T-Mobile, with John Legere remaining CEO.
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Category:Telecommunications