The Deutsche Telekom subsidiary T-Mobile US and rival Sprint have agreed on a merger. The Eineverbindliche agreement was concluded “to bring beidenGesellschaften toger to a larger company,” Telekom said. The merger was planned via EinenAktientausch.
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It was foreseen that T-Mobile US would take over all print shares. For each 9.75 sprint shares Erhieltenderen shareholders in return a new share of T-Mobile US ohnebare additional payment. After completion of transaction, Deutsche Telekom will hold approximately 42 percent of T-Mobile US shares. The JapanischeSprint mor Softbank was 27 percent involved, free Aktionärezu about 31 percent.
The number three (T-Mobile) and four (sprint) in US telephone business toger have approximately 127 million customers and a combined annual turnover of more than 70 billion dollars. The merger improves position in competition with industry leaders Verizon and AT T. This could lead to a successful third attempt to try a merger within four years. In fact, Telekom and Derjapanische Technology group Softbank had to offizielleingestellt negotiations for EineFusion of ir US mobile phone subsidiaries only five months ago. Sprint was Friday’s closing of around 26 billion dollars, which equates to about 6.50 dollars per share.
According to Telekom, agreement is DemVorbehalt necessary official approvals and approval of T-Mobile US and Sprint shareholders and weiterenVollzugs conditions. The cartel authorities had already stopped merger plans 2014.
In past year, a merger seemed to come to an end, but companies involved were not able to agree on price and ownership. Now a power poker is ending, in which Telekom seems to have been well asserted in recent years thanks to strong growth of its US subsidiary. The Bonn hold only 42 percent of merged group, but have say with 69 percent of voting rights. This concession should not have been easy for Masayoshi son. In addition to Telekom boss Tim Höttges, head of Japanese Softbank group, which owns almost 85 percent of Sprint, is most important decision-maker in mega-deal. The billionaire with nickname Masa had taken over sprint 2012 with goal to roll up US market. That’s why he wanted to take over T-Mobile, even smaller rival.
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Since n, however, leaf has turned. The US subsidiary of Bonn Telecom Group has been so successful in past years that Sprint now has to settle for role of junior partner. Telekom receives voting control in merged company, which will lead extroverted T-Mobile boss John Legere.
