T-Mobile Wants $1 Billion Break up Fee For Sprint Deal Monday May 12 2014 18:30 EDT Sprint (SoftBank) seems dead set on trying to acquire T-Mobile, even if consumers really don't want them to and regulators aren't likely to approve it. In an indication T-Mobile isn't particularly interested in having its time wasted, anonymous sources suggest that T-Mobile is looking for a $1 billion break up fee should Sprint's attempted acquisition fail. The two companies are also considering waiting on such a deal, either after the upcoming 600 MHz spectrum auction, or even longer: quote: The carriers are working toward securing a deal in the near term, the people said. But given perceived regulatory opposition, the companies are weighing whether it is worth trying a deal now or waiting until after a government auction of wireless airwaves expected to take place in 2015 or under a different administration, people familiar with the matter said.
T-Mobile won big after regulators blocked AT&T's attempted takeover of the company, scoring billions in roaming agreements, spectrum and cash payouts that allowed them to be the pesky "uncarrier" they are today. |
2 recommendations |
jorcmg
Member
2014-May-12 7:16 pm
It's a trap!So TMO is still good with AT&Ts specrum. They just need the cash this time. TMOs strategy of building their network with other peoples money is brilliant. | |
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