Sprint and Deutsche Telecom are concluding a deal that would sell T-Mobile US to its market rival at roughly $40 per share in July. Sprint and T-Mobile are the third- and fourth-largest US wireless carriers, respectively. The companies are working on terms such as the final price, financing, and which of them would pay the termination fee if US regulators block the deal. T-Mobile US is now owned by Deutsche Telekom, which would retain a 15 to 20 percent stake in the new Sprint. This is one of many recently announced mergers within the US telecommunications market. AT&T is courting satellite TV operator DirecTV, and Comcast is trying to buy Time Warner. Market analysts say US government regulators—who rejected a deal between AT&T and T-Mobile US three years ago—may well prevent the Sprint and T-Mobile merger. (Reuters)(Bloomberg)
Showing posts with label Purchase. Show all posts
Showing posts with label Purchase. Show all posts
Friday, June 20, 2014
Sunday, May 25, 2014
AT&T Negotiating DirecTV Purchase
Telecommunications giant AT&T is in discussions to purchase satellite-TV provider DirecTV, in what may be a $50-billion deal, within two weeks, according to Reuters. AT&T is offering roughly $90 per share for DirecTV, although it previously said it would offer $100 share. Details are still being discussed, but DirecTV would reportedly operate as a unit of A&T. This is the latest telecommunications consolidation megadeal. Comcast and Time Warner Cable may also be merging in a deal valued at $45 billion. Together, AT&T and DirecTV would create a pay-television operation similar in size to the combined Comcast-Time Warner Cable company.(Reuters)(Businessweek)
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