Skip to main content

Sprint reportedly close to acquiring T-Mobile for almost $32 billion

After several months of rumors, Sprint is reportedly finally nearing a deal to acquire T-Mobile USA. The two have reportedly been in negotiations for awhile now, but they have apparently finally reached an agreeable number. The deal, as it stands now, would have Sprint acquiring the Uncarrier for $31.3 billion. T-Mobile currently has about $15 billion in debt and $5 billion in cash. Sprint is valuing the company at roughly $40 a share.

Of course, just because the two companies reach an agreement does not mean that the deal is anywhere finalized. The acquisition would have to be approved by the FTC and FCC, which is not an easy task. This deal would reduce the number of major carriers in the United States from 4 to 3, which may not be beneficial to the consumer when it all plays out.

T-Mobile infamously attempted to merge with AT&T nearly four years ago, but that deal did not make it past federal approval because of concerns over competition. Of course, with Sprint and T-Mobile being the two smallest carriers, they could make an argument for the merger helping their business, prices, etc.

T-Mobile customers, who are notoriously loyal and vocal, aren’t going to be happy with this deal either, should it go through.

(via: Bloomberg)

FTC: We use income earning auto affiliate links. More.

You’re reading 9to5Google — experts who break news about Google and its surrounding ecosystem, day after day. Be sure to check out our homepage for all the latest news, and follow 9to5Google on Twitter, Facebook, and LinkedIn to stay in the loop. Don’t know where to start? Check out our exclusive stories, reviews, how-tos, and subscribe to our YouTube channel

Comments

Author

Avatar for Chance Miller Chance Miller

Email: Chance@9to5mac.com

Chance currently writes for both 9to5Google and 9to5Mac, in addition to 9to5Toys.


Manage push notifications

notification icon
We would like to show you notifications for the latest news and updates.
notification icon
You are subscribed to notifications
notification icon
We would like to show you notifications for the latest news and updates.
notification icon
You are subscribed to notifications