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TOKYO (Reuters) -SoftBank Group Corp said it would receive shares in telco T-Mobile US worth some $7.59 billion at no additional cost, driving the Japanese conglomerate's shares up 5%. Masayoshi ...
T-Mobile US (NASDAQ: TMUS) is a top telecom stock that's been on a tear. As of Tuesday's close, it was up 53% since the start of the year. It hit a new all-time high recently as it continues to ...
(Bloomberg Opinion) -- As Japan’s SoftBank Group Corp. unloads about 200 million shares of T-Mobile US Inc., more investors get a chance to own a top-performing stock that had been hogged by ...
The new BCA gives an exchange ratio of 11.00 Sprint shares for each T-Mobile share, up from the original agreement of 9.75 Sprint shares. SoftBank, Sprint's owner, has agreed to surrender 48.8 million T-Mobile shares acquired in the merger to the New T-Mobile, making SoftBank's effective ratio of 11.31 shares per T-Mobile share.
SoftBank later accumulated further shares in Sprint to about 84% ownership. [53] [54] Sprint and T-Mobile US merged in 2020 in an all shares deal for $26 billion. By 2021, SoftBank Group Corp. had acquired 4.5% of Deutsche Telekom AG (parent company of T-Mobile) and sold its stake in T-Mobile US Inc. to the German telecommunications carrier. [55]
The Rural Cellular Association (RCA), a trade group representing roughly 100 mobile carriers located in rural areas, expressed its opposition to the proposed merger between AT&T and T-Mobile, saying that the merger would stifle competition, harm innovation, and lead to higher prices. [21] Sprint Nextel also announced its opposition to the ...
T-Mobile and Sprint on Sunday announced plans to merge, valuing a combined company at $146 billion. Sprint's parent company, SoftBank, was the major holdup during talks late last year, and the ...
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