For years now we've heard rumors about T-Mobile and Sprint - and a possible merger. The last time the two tried to make it happen, it ended up not solidifying, with Sprint withdrawing its offer to purchase T-Mobile. Now, over the past month or so, we have heard numerous reports that the two could finally close the deal.
According to Bloomberg, the two carriers are towards the tail end of completing a deal and could announce it as soon as the end of the month. It appears that one of the last details that needs to be hashed out is Sprint's valuation and setting the exchange ratio for the all-stock deal. While AT&T's previous attempt to purchase T-Mobile ended in failure, it also had the former paying out $4 billion as part of a break-up fee. In the case of the new Sprint and T-Mobile deal, a break-up fee will not be included.
T-Mobile has done an amazing job over the past few years with CEO John Legere at the helm. The wireless carrier has managed to climb the ladder to become the US's third largest carrier and it also has upset the industry with its many Un-carrier events.
Source: Bloomberg
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