Merger

Sprint nearing deal to purchase T-Mobile for $40 per share, according to reports

Sprint and T-Mobile may actually, finally (no, really this time) be ready to announce a deal in which Sprint would take over its rival. According to reports from Bloomberg and Reuters, the carriers are nearing a deal where Sprint would buy T-Mobile for almost $40 per share, comprised of half stock and half cash. That's a total deal north of $32 billion, and a solid premium over the current price of T-Mobile, which has hovered around $34 per share ($27.5 billion valuation) recently.

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Sprint shareholders approve SoftBank merger

Sprint's merger with Japanese carrier SoftBank has been approved by Sprint's shareholders. At a special shareholder's meeting held today, the deal was overwhelmingly approved, with 98% of shareholders voting in favor to the merger.

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T-Mobile + MetroPCS merger finalized

The T-Mobile USA/MetroPCS merger has been finalized. The merged company will be known as T-Mobile US, Inc., and will trade under the stock symbol TMUS. T-Mobile will leverage the spectrum from MetroPCS in order to build out it’s LTE network, which they only began to rollout at the end of March. BusinessWire reports:

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T-Mobile addresses the iPhone (or lack thereof) to customers

In a company blog post earlier today, Cole Brodman, Chief Marketing Officer for T-Mobile USA, told customers that they were interested in offering a "no-compromise iPhone experience" on their network, but offered little details on the negotiations between the carrier and Apple.

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