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US: Sprint to lose either its name or $2B in T-Mobile deal

By  |  June 15, 2014

Wireless operators Sprint and T-Mobile have reportedly reached crucial agreements regarding what to do should their proposed merger fail, and should it succeed.

Reports say the companies agreed on a $2 billion breakup fee if the transaction implodes, a value twice as large as previously reported.

But should the merger be successful, reports say the new company will take on the T-Mobile name.

The developments of the high-profile acquisition plans that sources say could be announced as soon as next month.

According to reports, the companies may have decided that the Sprint name will be lost following a merger because T-Mobile has been adding subscribers at a faster pace than Sprint and even Verizon in the last quarter. Reports suggest its success could be fueled from the $4 billion T-Mobile gained following regulators’ rejection of its earlier proposed merger with AT&T, blocked in 2011.

Full content: Wireless Week

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