According to a Reuter’s report (link below) the U.S. Justice Department may sue to block the merger of T-Mobile and Sprint if the parties do not settle next week. In June, a group of U.S. state attorneys general filed suit to block the merger, arguing that the deal would cost consumers more than $4.5 billion annually. The Read more…
We told you so – kind of. Back on our latest webinar, both NWIDA and WiBoc offered Google as a potential player in the Boost buy. Now, the NY Post (link below) is reporting that Google and Dish are talking. But, according to Google, in the same article, the answer is “No.” The Post article clearly states: Google Read more…
Updating our earlier report, CNBC is reporting that while Dish and T-Mobile are near a deal, there are hurdles to overcome. The DOJ is pushing Deutsche Telekom to give Dish a sweeter deal to ensure they can be an effective fourth player in the wireless industry. The DOJ wants Deutsche Telekom to give Dish unlimited access to Read more…
T-Mobile has reportedly reached a deal with Dish Network that could push the merger with Sprint over the top — but approval from the Department of Justice is still needed, according to published reports. CNBC reported that anonymous sources had said that a deal has been reached between T-Mo and Dish on a purchase of assets, but Read more…
Attorneys General Preparing Merger Lawsuit **Update 6/11/19 1:40pm** Link to AG Press Release —————————— According to a report at TheStreet (link below) a group of 10 U.S. state attorneys general will file a lawsuit to prevent the Sprint / T-Mobile merger. Reuters reported the plans, which could come as early as today, amid an ongoing probe by Read more…
We now have the more detailed report from Bloomberg (link below) As we stated in the first post, among the options being discussed is the separation and potential sale of the prepaid businesses. Other options — such as selling airwave licenses or setting up a new fourth carrier through a network-leasing arrangement — are being discussed but Read more…
Per a report on TheFly, T-Mobile and Sprint are considering different concessions in order to save the merger, including a sale of their prepaid businesses. While the report (link below) is just a snippet at this point, the way it’s worded could mean one prepaid business (Boost?) or multiple, if not all of them. We’ll update as Read more…
(Link below) – There are some new merger documents on FCC website, including a letter to the FCC from Sprint that has some quite interesting information in it. Including: The message was clear: achieving such assumptions were not realistic and Sprint’s turnaround efforts were failing” but in 2015 Sprint extended CEO Marcelo Claure’s contract until 2019, and Read more…
According to an article in MarketWatch (link below) MoffettNathanson analyst analyst Craig Moffett said that he was lowering his odds of a T-Mobile and Sprint merger to “less than a coin toss.” He called two recent announcements from T-Mobile around pricing and broadband plans in rural markets “Hail Mary” moves that wouldn’t have been made by “a team Read more…
*Updated – We now have a link to the story. See below. According to a memo sent to Sprint employees today, CEO Michel Combes has told employees of a not-so-rosy picture if the T-Mobile merger doesn’t go through. We believe the memo included a quote from a letter Sprint previously submitted to the FCC: “Without the merger, Read more…