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US: T-Mobile wants $1B for failed Sprint takeover

By  |  May 12, 2014

T-Mobile is reportedly seeking a $1 billion breakup fee should rival Sprint’s efforts to acquire the wireless company fail.

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    T-Mobile parent company Deutsche Telekom is said to be seeking the $1 billion fee according to unnamed sources; the company is also reportedly seeking guarantees from Sprint’s owner SoftBank to retain the T-Mobile brand along with part of its management.

    Reports said the companies are also discussing whether to delay the merger’s official filing until after the Federal Communications Commission’s spectrum auction, set for sometime next year.

    Earlier reports said Dish Network could be eyeing a T-Mobile acquisition should the Sprint deal fail.

    Full content: Fierce Wireless

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