Sprint to acquire T-Mobile

5 Jun, 2014

Sprint agrees to buy T-Mobile in a $32 billion deal. The consummation of the deal would merge the third and fourth largest mobile network operators in the US. Sprint’s owner Japan’s Softbank and T-Mobile’s majority stakeholder Deutsche Telekom need to finalize the terms of the deal. The deal could hit a bottleneck with the US regulators but the parties are ready to challenge in court if the deal gets blocked.

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