Sprint is ready to push for a buyout offer for fellow wireless operator T-Mobile having already met with banks to discuss debt arrangements for such an acquisition, sources say.
Unnamed sources have told reporters that Sprint Chief Financial Officer Joe Euteneuer and its Treasurer Greg Block held meetings with six banks to ensure they would be ready to finance the deal once it is made.
One source said Sprint is planning to make a formal offer for T-Mobile in June or July.
According to reports, any acquisition bid would need to include the $8.7 billion in debt currently held by T-Mobile.
The merger is being pursued by Sprint parent company SoftBank and its chief executive officer Masayoshi Son, but has caused heated debate among industry insiders. Any such deal, which would combine the nation’s number three and number four wireless carriers, would face intense regulatory scrutiny.
Son is already moving to convince both the Federal Communications Commission and the Department of Justice that the buyout will boost competition in the industry. According to three of the sources, Son hopes to strike with its merger plans while the FCC and DOJ are already reviewing Comcast’s proposed acquisition of Time Warner Cable in hopes authorities will view the deals as similarly impacting the nation’s telco industry.
Full content: Bloomberg
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Federal Reserve Greenlights Capital One’s $35.3 Billion Acquisition of Discover
Apr 18, 2025 by
CPI
Google to Appeal Partial Ruling in DOJ Antitrust Case
Apr 18, 2025 by
CPI
Indian Ad Agencies Warned Against WhatsApp Discussions After Antitrust Raids
Apr 17, 2025 by
CPI
US Court Ruling Against Google Spurs Fresh Antitrust Tensions in Europe
Apr 17, 2025 by
CPI
AstraZeneca Accused of Stifling Biosimilar Competition for Rare Disease Drug
Apr 17, 2025 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – The Airline Industry
Apr 10, 2025 by
CPI
Boosting Competition in International Aviation
Apr 10, 2025 by
Jeffrey N. Shane
Reshaping Competition Policy for the U.S. Airline Industry
Apr 10, 2025 by
Diana L. Moss
Algorithmic Collusion in the Skies: The Role of AI in Shaping Airline Competition
Apr 10, 2025 by
Qi Ge, Myongjin Kim & Nicholas Rupp
Competition in U.S. Airline Markets: Major Developments and Economic Insights
Apr 10, 2025 by
Germán Bet