Not regulators, but jostling for control behind the failed Sprint merger with T-Mobile

Sprint’s merger with T-Mobile didn’t go through not because the carriers were afraid that the deal will face too much anti-monopoly backlash from the regulators, and they’ll have to make too many concessions, as was the official explanation, but rather because the carriers’ parents couldn’t agree about the custody rights. 

T-Mobile’s Deutsche Telekom owner, it turned out, planned to keep the controlling stake in the resulting mobile industry behemoth, which didn’t sit well with Softbank’s Masayoshi Son, who happens to be the current chairman of Sprint Corporation, too. …


Donald Trump denies he's using the AT&T-Time Warner merger to get revenge on CNN

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President Donald Trump was always against a merger between AT&T and Time Warner, and he’s always hated CNN. So the appearance that he was using his position to force Time Warner to ditch CNN to close the $85 billion deal made a strange, vindictive kind of sense. 

Now, however, Trump is denying any attempts to exact revenge on his cable news nemesis. 

Trump said he “didn’t make that decision. That was made by a man who is actually a very respected person, a very, very respected person,” Variety reported. Trump made the comments—likely about Justice Department antitrust chief Makan Delrahim—during his trip through Asia.  Read more…

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With merger talks over for now, Sprint focuses on upgrading its network

Wait. Stop what you’re doing for a second and listen to that unusual sound. Know what its is? It is the sound of common sense returning to the mobile carrier business. Sprint CEO Marcelo Claure said today that there won’t be many carrier promotions involving the Apple iPhone X. Why? Because inventories of the device are low and demand is high, it wouldn’t make sense for U.S. carriers to give up some of its profit margins when it is not necessary to do so.

Claure says that promotional deals for the tenth anniversary model will be fewer and less aggressive than seen for the iPhone 7 last year. …

T-Mobile's counter offer keeps alive a possible merger with Sprint; deal could be announced in weeks

It was just a few days ago when SoftBank, Sprint’s majority owner, apparently pulled the plug on a merger with T-Mobile. At the time, both sides reportedly had agreed to the broad outline of a deal. The merged company would be majority owned by Deutsche Telekom (the company that owns the largest stake in T-Mobile), and T-Mobile president and CEO John Legere would run the combined carrier. But SoftBank apparently decided that it wanted to be majority owner after all, or have more say in the combined company than originally agreed to.

But the deal isn’t dead yet. According to the Wall Street …

It's official: T-Mobile-Sprint merger talks are over

The other day, Sprint majority owner SoftBank had decided to end merger talks with T-Mobile and its majority owner Deutsche Telekom over which side would have majority control of the combined firm. But T-Mobile lobbed in a last minute counter offer and there was hope again that a deal could be salvaged. Instead, Sprint CEO Marcelo Claure said today in a joint statement with T-Mobile, that even though no deal was reached, both Sprint and T-Mobile see the benefits to a combination of the two wireless operators. Nonetheless, Claure said that “we have agreed that it is best to move forward on our own.”

Consumers …

Report: SoftBank calls off Sprint-T-Mobile merger talks

A report out of Japan this morning states that SoftBank, majority owner of Sprint, has called off talks that were being held to merge Sprint and T-Mobile. Last week, there was word that both U.S. based carriers and their respective corporate parents (Deutsche Telekom is the majority owner of T-Mobile) had worked out the broad outline of a transaction which would have left Deutsche Telekom as the majority owner of the combined company. T-Mobile president and CEO John Legere was apparently set to run the wireless operator that would rise from the merger of the third and fourth largest U.S. carriers.  …

T-Mobile, Sprint cancel post-earnings report conference calls; is merger imminent or delayed?

The four major U.S. carriers usually hold a conference call on the phone with analysts and financial reporters immediately following the release of their latest quarterly earnings report. This morning, when T-Mobile announced its Q3 numbers, it cancelled the conference call. Wells Fargo said that the nation’s third largest carrier wanted to “let the 3Q results speak for themselves.” But that might not be the real reason for the cancellation.

A little bit after T-Mobile cancelled its conference call, the wireless operator’s rumored merger partner Sprint revealed that it will report its third …

T-Mobile and Sprint's merger announcement to be delayed

About a fortnight ago, Bloomberg reported that T-Mobile and Sprint are ironing out the final details of their potential merger, up to the point where they were discussing the exchange ratio that will determine Sprint’s valuation, one of the last steps before the merger could be officially announced. They even got down to non-cash items, such as the location of the HQ that will shelter the leadership of the new entity resulting from the merger, and reports are swirling that a merger announcement in October is imminent.

Industry-watching shops, however, are increasingly skeptical …

Report: Sprint owner SoftBank agrees to move forward with T-Mobile merger

According to a report from international news agency Agence France-Presse (AFP), the oft-rumored merger between T-Mobile and Sprint is one step closer to being a reality. Japan’s SoftBank, which owns 80% of Sprint, has apparantly reached an internal decision to proceed with the deal. SoftBank, and Deutsche Telekom are discussing a stock swap, which is expected to be announced this month. The German phone company owns 64% of T-Mobile.

The AFP says that SoftBank is looking at ways to get the required approvals from the U.S. FCC and the Federal Trade Commission. A previous attempt to put T-Mobile …

Sprint and T-Mobile expected to announce merger details this month

Rumors about the Sprint/T-Mobile merger continue to make headlines, but that won’t go for too long now. Apparently, the carriers are currently ironing out the final details of the deal, so we could have an official announcement laying them out sometime this month.

Bloomberg reports that the companies have reached to the point where they need to decide on the exchange ratio that will determine Sprint’s valuation, one of the last steps before the merger could be officially announced.

Sprint and T-Mobile continue to discuss non-cash items, such as the location …