Saturday, June 8, 2013

SoftBank May Be Looking At T-Mobile If Sprint Deal Collapses

SoftBank might use T-Mobile USA as its back-up option should its attempt to acquire a 70% equity stake in Sprint fall through, reports Reuters. Citing unnamed sources, Reuters said that SoftBank has held discussions over the matter with Deutsche Telekom, which owns 74% of T-Mobile. One possible scenario would have SoftBank purchase the 74% owned by Deutsche Telekom, says Reuters' source. 

SoftBank is paying $20.1 billion for 70% of Sprint, but T-Mobile's market capitalization stands at about $15 billion. SoftBank's deal has already been approved by the SEC, DOJ, FBI, and DHS. It is still undergoing review at the Federal Communications Commission and faces a Sprint shareholder vote on June 12.
Post a Comment