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T-Mobile US asks California to ease conditions imposed during merger with Sprint

2020-06-24 09:48:00| Telecompaper Headlines

(Telecompaper) T-Mobile US has filed a request to California's Public Utilities Commission, asking for an easing of certain conditions imposed on the company when the state cleared its takeover of Sprint. Among the commitments, the operator said it would add at least 1,000 jobs in California, compared to the total number of Sprint and T-Mobile US employees pre-merger, and that it would provide 5G, with speeds of at least 100 Mbps, to virtually all (99%) of the state's population by end 2026, with 300 Mbps provided to 93 percent by 2024.

Tags: with conditions california ease


Softbank agrees T-Mobile exit in share sale, call option with Deutsche Telekom

2020-06-23 09:08:00| Telecompaper Headlines

(Telecompaper) Softbank Group has agreed to reduce its stake in T-Mobile US, selling around two-thirds of its stake to its co-shareholder Deutsche Telekom. It also gave the German operator a call option on most of its remaining shares in T-Mobile. Telekom plans to sell on the initial Softbank shares through a rights offering and trust securities. 

Tags: call share sale option


SoftBank kicks off $21 billion T-Mobile US share sale

2020-06-23 02:00:00| Total Telecom industry news

SoftBank Group Corp revealed a series of transactions on Monday to divest more than $21 billion worth of stock in …read more on TotalTele.com »

Tags: share sale billion kicks


Dutch mobile market limits revenue fall to 1.4% in Q1 on strong T-Mobile growth

2020-06-19 10:30:00| Telecompaper Headlines

(Telecompaper) Mobile service revenues totaled EUR 903 million in the first quarter, according to the Telecompaper quarterly Dutch Mobile Operators report. Vodafone showed the biggest decline, down 5.1 percent, and KPN's service revenues fell 4.4 percent year-on-year. T-Mobile outperformed and grew 6.9 percent, thanks to a strong increase in customer numbers in both the consumer and business segments.

Tags: market mobile fall strong


Softbank confirms mulling sale of T-Mobile US shares

2020-06-16 11:49:00| Telecompaper Headlines

(Telecompaper) The Softbank Group has confirmed it is mulling the sale of a stake in T-Mobile US. The company owns around 25 percent of T-Mobile US after its merger with Sprint. Deutsche Telekom holds 44 percent. Softbank said the potential sale would help finance its programme to buy back shares and redu

Tags: sale shares confirms softbank


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