Announced today that the companies of Communications of the Americas Sprint and T-Mobile about their intention to merge together into a single entity worth $ 26.5 million.
And the two companies in the third and fourth places respectively according to the size in the market of American telecommunications after AT& T and Verizon, under this merger, the new company formed will be in third place after AT&T in terms of the number of participants has more than 100 million subscribers altogether.
Worth noting that Sprint offered the acquisition of T-Mobile in 2014, but negotiations have been stalled until May of last year was appealed and approached to reach a deal in September. And then you’ve got more give and take now shifted from acquisitions to integration.
The company launched two new website to announce the merger talks about the technical direction over the network of the fifth generation and shows how this merger is going to help them to improve the technical competitiveness in the US market through its ability to reduce prices.
Under this merger, will become the new company’s name T-Mobile will be managed by John Legere, CEO of T-Mobile’s current, while becoming Director of operations at T-Mobile Mr. Mike Sievert Director of operations and Chairman of the new company.
Owns the German telecom company Deutsche Telekom share of 42% of the company, while the Group holds a SoftBank share of 27% and the remainder will be distributed to individual contributors.
The Board of Directors of the new company composed of the Executive Director in the Sprint Mr. Marcelo Claure and the Group CEO of SoftBank, Mr. Masayoshi Son.
Of course, not enough the intention of the two companies merger together until this is achieved, it needs the approval of the American authorities. It had previously been seen trying to merge AT&T with T-Mobile in 2011 with considerable resistance from the US government which believes that reducing the number of competing companies is negative in the market has led to a rejection of the merger.
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