T-Mobile merger with Sprint looks more likely as Softbank and Deutsche Telekom agree on sale

[Windows Central]

Softbank is making an end-run around concerns about a merger of Sprint and T-Mobile US by instead hitting up T-Mobile's parent company Deutsche Telekom. As reported by Japanese news agency Kyodo, Japan-based Softbank has entered into an agreement with Germany-based Deutsche Telekom to buy the latter's ownership stake in US carrier T-Mobile. The US Federal Communications Commission and Department of Justice have expressed their concerns about the potential for such consolidation in the US cellular market, and the move by Softbank would likely end up still being heavily scrutinized.

Full story from the WPCentral blog...

 

[Guytronic]

Sprint agrees to pay about $40/ shares to buy T-Mobile -source

Damn it!
Looks like it's going to happen...

 

[Editguy1900]

I'm hoping federal regulators kill it like they did the AT&T deal. I would have preferred AT&T. I'm gone if it happens. I want no part of Sprint. They can expect a lot of defections because that's what happened with the AT&T deal. It will be easier now because there are no contracts.

 

[Guytronic]

Yoop we'll burn our minutes then quit also.
Time to start scrambling for unlocks.
:eck: