Sprint And T-Mobile Renegotiate Merger Agreement, Giving Deutsche Telekom A Bigger Ownership Stake

Sprint and T-Mobile late on Thursday announced a revised merger agreement, giving T-Mobile parent company Deutsche Telekom a bigger ownership stake by skleb1234

Both companies said on Thursday that they plan to finalize the merger as soon as April 1, which sent Sprint shares up more than 4% after the announcement while T-Mobile shares fell 1.5%.Sprint stock rose another 6.5% on Friday morning, while T-Mobile shares fell 0.7%. Before the merger was approved by a judge last week, Sprint shares were trading at a.

“Today’s announcement is another significant step forward toward finally closing this transaction! Throughout this journey, T-Mobile and Sprint have been singularly focused on one thing: building a supercharged Un-carrier that will offer U.S. consumers a broad and deep nationwide 5G network, more choice and greater competition,” said T-Mobile CEO John Legere. “We are now on the threshold of achieving our goal.

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