Sprint Reportedly Wants to Restart Merger Talks with T

Sprint Reportedly Wants to Restart Merger Talks with T

T-Mobile has a similar timeframe set.

Investors are now bracing for a flurry of deals following completion of the spectrum auction amid hopes the new USA administration will be more open to deals that would transform the industry.

SoftBank, which controls Sprint, is expressing optimism about the prospect for mergers in the USA wireless carrier industry under President Trump.

The latest merger interest between the two telecoms was raised by Masayoshi Son, the chairman of Sprint's parent company, SoftBank Group, in a discussion with reporters in Tokyo on May 10, according to a report by Bloomberg.

Sprint is the fourth largest wireless provider in the US, having fallen behind T-Mobile in terms of subscriber base.

Any deal involving T-Mobile would need the backing of Deutsche Telekom, which owns about 65 percent of the US carrier.

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The election of Donald Trump as president in November led many to believe a merger might get a warmer reception from regulators. "And so that is why we want to be open if there are any other possibilities with better conditions and better opportunities for this industry consolidation".

The billionaire considered buying T-Mobile before, but abandoned the effort when officials at the U.S. Federal Communications Commission and Justice Department signaled they would oppose such a deal.

SoftBank Group Corp.is poised to propose to T-Mobile US Inc. that the American mobile carrier enter merger talks with its USA subsidiary Sprint Corp., sources close to the matter said Thursday. "And due to the need to deliver massive capacity, 5G is putting a premium on 2.5 GHz and higher-band spectrum", said Sprint CTO John Saw in a statement, "This is why the Next Generation Mobile Networks Forum recently released their position on 5G spectrum and recognized 2.5 GHz as one of the recommended bands for sub-6 GHz 5G", Saw continued, also stating Sprint expects millimeter and centimeter wave bands to serve as capacity hotspots. T-Mobile declined to comment. T-Mobile, meanwhile, is the fastest-growing wireless carrier in the USA, using promotions, price cuts and social-media marketing to lure customers from Verizon and AT&T.

A sampling of several IT industry analysts, asked about the renewed possibilities for a merger between Sprint and T-Mobile, said such a plan is again far from being certain. Which means that if everything goes according to schedule, it's at least possible for Sprint and T-Mobile to hit their 2019 goals.

"If they can't agree to terms, both companies have alternative options", Chaplin said in an interview.

On Thursday, Deutsche Telekom AG Chief Executive Tim Hoettges said merger talks will very likely get under way involving its USA subsidiary T-Mobile US.

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