Latest in Gear

Image credit:

T-Mobile, Sprint merger could close by April 1st

An updated agreement gives Deutsche Telekom a larger stake in the company.
Richard Lawler, @Rjcc
February 20, 2020
5 Shares
Share
Tweet
Share

Sponsored Links

ASSOCIATED PRESS

With most of the regulatory and legal hurdles out of the way -- approval from the California Public Utilities Commission is still needed -- T-Mobile and Sprint announced an amended version of their agreement to merge. CNBC explains that the updated deal will give Deutsche Telekom a slightly higher stake in the combined company ("New T-Mobile"), without requiring a new shareholder vote that would delay a deal that has already been pending for almost two years.

Deutsche Telekom will own 43 percent of the new company, while Sprint investor Softbank will have 24 percent, and the remaining 33 percent owned by public shareholders. T-Mobile apparently thinks this could all be wrapped up by April 1st, the last month before John Legere steps aside for incoming CEO Mike Sievert.

In this article: business, gear, merger, mobile, sprint, t-mobile
All products recommended by Engadget are selected by our editorial team, independent of our parent company. Some of our stories include affiliate links. If you buy something through one of these links, we may earn an affiliate commission.
Comment
Comments
Share
5 Shares
Share
Tweet
Share

Popular on Engadget

Engadget's 2020 Back-to-School Guide

Engadget's 2020 Back-to-School Guide

View
Ubisoft posts 'Far Cry 6' teaser starring Giancarlo Esposito

Ubisoft posts 'Far Cry 6' teaser starring Giancarlo Esposito

View
Amazon Prime Video will soon have the content, but it needs a better home

Amazon Prime Video will soon have the content, but it needs a better home

View
NASA wants to protect Moon and Mars from human contamination

NASA wants to protect Moon and Mars from human contamination

View
Amazon bans TikTok on employee phones

Amazon bans TikTok on employee phones

View

From around the web

Page 1Page 1ear iconeye iconFill 23text filevr