Sprint And T-Mobile Merger Now Possible With Softbank Willing To Cede Control
Softbank, the parent company of Sprint, is ready to open talks once more on a possible merger between rival companies Sprint and T-Mobile. The Japan-based company is reportedly interested in selling its network carrier to Deutsche Telekom, T-Mobile's parent company.
The SoftBank Group is supposedly frustrated with the slow growth of Sprint in the United States. Mac Rumors reported that Softbank is willing to hand the control of Sprint over to its competitor though it will still have a minority stake in T-Mobile if the deal pushes through.
According to Reuters, the merger was supposed to have happened two and a half years ago before the deal fell through due to pressure from U.S. antitrust regulators. SoftBank was in talks with Deutsche Telekom with the intention of acquiring T-Mobile for the amount of $20 billion and merging it with Sprint. At the time, Sprint was worth more than T-Mobile. Back in 2014, the former's market value was around $36 billion while the latter was worth $30 billion. T-Mobile has since overtaken Sprint for the third spot on the list for most subscribers among the major wireless network carriers. T-Mobile also shot up its market value to about $50 billion while Sprint stayed on the $36 billion range.
Deutsche Telekom also stressed that it is no longer interested in selling T-Mobile which is another reason why Softbank is now looking at selling instead of buying. Nothing is currently happening, however, as anti-collusion rules set by the U.S. Federal Communications Commission prevent rival companies from having negotiations during a spectrum auction. The auction will end on Mar. 30 after which the two companies are expected to begin talks.
The news comes as a bit of surprise considering Sprint just announced yesterday that it is upgrading its unlimited data plan. The move was done in an effort to outdo the three other major carriers, which includes T-Mobile, that are currently embroiled in the so-called Carrier Wars.
Essential Phone Gets FCC Approval; Launch Date Imminent?
Andy Rubin's new Essential Phone was found passing through the FCC which is an important step in the process of being able to sell a tech product in the United States.
Nokia 6 Is Coming To Amazon USA In July For Only $229
The Nokia 6 will be available exclusively through Amazon USA sometime in early July in matte black and silver variant. An additional tempered blue and copper colors of the handset will be offered later in the summer.
T-Mobile Resolves Data Outage Issues Across The Country
The data outage issues affected T-Mobile customers in areas of Texas, Virginia, New York, Pennsylvania, California, New Jersey, Florida, Missouri, Washington, D.C., Rhode Island, Maryland, Ohio and Massachusetts.
Virgin Mobile Is Now iPhone-Exclusive, Offers A Year Of $1 Unlimited Data
The partnership between Apple and Virgin Mobile USA allows the service provider to become the newest carrier to sell its service in Apple’s stores and makes it the first iPhone-only carrier in the United States.
2017‘s Fastest Mobile Networks
The true measure of a good mobile network is its overall speed and AT&T, Sprint, T-Mobile, and Verizon are neck and neck in the race for the fastest mobile network in 2017.
MORE IN ITECHPOST
Samsung Galaxy S8 Active vs Galaxy S7 Active: Which Rugged Device Is Better?
Samsung Galaxy S8 Active is the newly launched rugged device from Samsung. In this article, we will compare this year's flagship with previous year's Galaxy S7 Active.
'Tokyo Ghoul' Season 3 Delayed By Its Live-Action Movie? Ken Kenaki Returns With Another Identity?
"Tokyo Ghoul" season 3's release is delayed and there are countless speculations as to why it is being pushed back. Reports claim that the show is to give way to "One Punch Man" and "My Hero Acdemia" but new rumors say that it's lack of materials and storyline as well as its live-action movie are causing the delay.
Why Valve’s Revelation Of ‘Artifact’ Dismayed ‘Dota’ Fans?
The unexpected revelations of Valve's "Artifact" card game earned unexpected negative reactions from the Dota community.