Friday, November 17, 2017
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
G.Skill Unveils Trident Z DDR4-4400 32GB CL19 Kit
Spotify Buys Soundtrap
Volkswagen to Invest Over $40 billion on Future Cars
Broadcom Completes Acquisition of Brocade
Tesla Roadster Electric Supercar Accelerates to 60mph in 2.2 sec
FCC Approves Next Gen ATSC 3.0 TV Standard
Asus Could Buy Toshiba's PC Business
The OnePlus 5T is Coming with Dual-cameras, Fast Face Unlock for $499
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > Mobiles > SoftBan...
Last 7 Days News : SU MO TU WE TH FR SA All News

Wednesday, December 25, 2013
SoftBank Close to Deal For T-Mobile purchase


SoftBank and German carrier Deutsche Telekom are close to a deal that would merge T-Mobile US with Sprint, according to the Nikkei news agency.

The Japanese telecommunications giant intends to buy a majority of the shares in T-Mobile through U.S. subsidiary Sprint as early as next spring in a transaction estimated at more than 2 trillion yen ($19 billion), according to the report. It is in the final stages of talks with T-Mobile's German parent, Deutsche Telekom, sources close to the matter said, the report added.

SoftBank already owns a majority of Sprint, U.S. ' third-largest carrier. T-Mobile is majority owned by Deutsche Telekom.

The Wall Street Journal had reported earlier this month that Sprint was studying regulatory concerns about such a deal and might make an offer for T-Mobile in the first half of next year.

SoftBank might make its offer as early as spring 2014, Nikkei said, roughly matching the earlier report on timing.

Combining Sprint and T-Mobile would create a carrier with nearly 100 million customers, close to subscriber parity with AT&T and Verizon Wireless, each of which has more than 100 million. However, U.S. regulators might block such a transaction in order to preserve competition in the the U.S. wireless industry.




Previous
Next
Sony and Panasonic Cancel OLED TV Partnership: report        All News        Fujitsu Launches The F-04F Business Smartphone
Apple Fined in Taiwan for Interfering With Carrier Prices     Mobiles News      Fujitsu Launches The F-04F Business Smartphone

Get RSS feed Easy Print E-Mail this Message

Related News
Uber Board Approves SoftBank's $10 billion Investment
SoftBank's Sprint Partners With Cable TV Company Altice
T-Mobile and Sprint End Merger Discussions
Sprint, T-Mobile Merger Talks Stopped: report
SoftBank Agrees on T-Mobile - Sprint Merger: report
T-Mobile to Offer Free Netflix Plan
SoftBank to Buy Alphabet's Robot Maker Boston Dynamicsaft
China Takes Significant Step Towards Developing Its Own Chips Through ARM-supported, Chinese IP Firm
SoftBank Reportedly Takes $4 Billion Stake in Nvidia
Sharp To Invest $1 billion in SoftBank's Tech Fund
SoftBank Invests in U.K. Tech Startup and Chinese Ride Hailing Firm Didi Chuxing
Sprint, T-Mobile Said to Begin Merger Talks

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2017 - All rights reserved -
Privacy policy - Contact Us .