18 Jun

An Update on the T-Mobile-Sprint Merger Deal

WRITTEN BY Andrew Smith FEATURED IN Company News, Insights, & Analysis

T-Mobile to merge with Sprint

US mobile operators T-Mobile (TMUS) and Sprint (S) agreed to merge in April. As per the merger agreement, each Sprint shareholder will receive 0.1 shares of T-Mobile. The combined entity is anticipated to be worth $146.0 billion. The companies expect to close the transaction no later than the first half of 2019 subject to regulatory approvals and other customary closing conditions. Accordingly, a US Senate committee has planned to hold a hearing related to the proposed merger on June 27 to oversee antitrust issues.

The combined company expects more than $6.0 billion in annual run-rate synergies with a net present value of approximately $43.0 billion. T-Mobile believes that the merger will reduce expenses by eliminating duplicate work roles. T-Mobile and Sprint would be able to add more jobs and deploy an improved 5G (fifth-generation) wireless network. The combined company will likely be better able to negotiate on prices with suppliers and build a bigger subscriber base amid a saturated wireless industry.

 

An Update on the T-Mobile-Sprint Merger Deal

T-Mobile expects the merger to supercharge its competitiveness

T-Mobile and Sprint believe their proposed merger of $26.5 billion will enable them to better compete with larger competitors AT&T (T) and Verizon (VZ). T-Mobile and Sprint are also keeping an eye on Comcast (CMCSA), which launched its own wireless service last year. T-Mobile posted total revenue of $10.5 billion in Q1 2018.

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