TELECOMS

TELECOMS

T-Mobile, Sprint Merger Modified

Deutsche Telekom came away the winner in a renegotiated agreement for T-Mobile US and Sprint’s proposed merger, which will see it take a larger stake in the combined company. The German incumbent had been tipped to be seeking an amendment to the original deal to reflect recent weakness in Sprint’s performance, with pressure mounting after a US court threw out a bid by US attorney generals to block the tie-up. T-Mobile CEO John Legere in a statement hailed the revision as “another significant step forward toward finally closing this transaction,”...
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