You will be redirected back to your article in seconds

Sprint, T-Mobile Could Finalize Merger Over Next Three Days (Report)

Sprint and T-Mobile are in advanced merger talks, and are looking to finalize the terms of such a deal in the next three days, Reuters reported Friday. Combined, the two companies would serve over 127 million wireless customers.

The two companies have been in on-and-off talks for years. Previous negotiations broke down over disputes on who would call the shots in a combined entity. Reuters reported Friday that T-Mobile owner Deutsche Telekom might be able to control the combined company’s voting shares and consolidate it on its books.

Sprint owner Softbank may still own up to 60 percent of the combined entity, according to the reports. The two companies are also in talks to raise the necessary capital to finance the deal. Both companies were close to striking a deal in November, but ultimately called it off.

A partnership between the two wireless carriers will inevitably have a significant impact on the media world as well, and perhaps even spur a new wave of media investments. Both Sprint and T-Mobile have made their own media moves in the past. T-Mobile acquired cable upstart Layer 3 TV in December, and at the time announced plans to launch a nationwide internet TV service in 2018. And Sprint acquired a 33 percent stake in Jay Z’s music streaming service Tidal a little over a year ago.

Combined, the two carriers would have a better chance at taking on wireless market leaders AT&T and Verizon, both of which have extensive media holdings. Verizon operates its own TV service, and has made significant media investments with the acquisitions of AOL and Yahoo.  AT&T not only operates its AT&T Uverse and Directv services, but also has an internet TV service with Directv Now. And then there is AT&T’s proposed acquisition of Time Warner, which the company is currently  defending in court.



More Digital

  • Michael Uslan's U2K Becomes Asia-Hollywood Formats

    Michael Uslan's U2K Becomes Asia-Hollywood Formats Pipeline (EXCLUSIVE)

    Michael and David Uslan, the father and son producing team with credits that include “The Dark Knight” and “Sabrina: Secrets of a Teenage Witch” have struck a cluster of deals that makes them a two-way conduit for TV formats between Hollywood and Asia. U2K, a company that includes the Uslans and Jon Karas (“Believe in [...]

  • Dish Testing Flixpert Content Recommendation Service

    Dish Tests Movie Recommendations App Flixpert (EXCLUSIVE)

    Dish and its corporate sibling EchoStar have quietly been testing a movie recommendations platform called Flixpert, Variety has learned. Flixpert promises to help people find movies to watch through recommendations from friends and trusted contacts; Dish has been testing mobile apps for the service with a few hundred users. Online footprints suggest that Flixpert has [...]

  • Craig Hunegs WB

    Craig Hunegs to Exit Warner Bros. TV Group and Digital Networks (EXCLUSIVE)

    After nearly 25 years in the Warner Bros. family, Craig Hunegs is exiting his post as head of business for Warner Bros. TV Group and president of the studio’s digital networks wing. Hunegs said he has been discussing his exit with Warner Bros. chairman-CEO Kevin Tsujihara for the past several months. At a time of [...]

  • Google Placeholder

    Google Accelerates Google+ Shutdown Following New Privacy Mishap

    Google will shutter its struggling social network Google+ sooner than previously announced: The company said Monday that Google+ will shut down in April of 2019. It also disclosed a new security vulnerability that briefly exposed personal data of some 52.5 million Google+ users. The bug, which was introduced to Google+ in November, allowed developers to [...]

  • Eddie Lazarus Sonos

    Sonos Hires Tribune General Counsel Eddie Lazarus as Chief Legal Officer

    Smart speaker maker Sonos has hired former Tribune exec Eddie Lazarus as its new chief legal officer. Lazarus will be in charge of all legal, regulatory, compliance and SEC reporting issues, among other things. Prior to joining Sonos, Lazarus worked as general counsel and chief strategy officer for Tribune Media. Before that, he was chief of [...]

  • Rhapsody, Sony Music to Launch Spotify

    Rhapsody, Sony Music to Launch Spotify Competitor in Japan

    Rhapsody and Sony Music Entertainment today announced a partnership to launch what they describe as the first on-demand, high-resolution streaming music service in Japan. Rhapsody International is providing its “Powered by Napster” platform including a set of systems, tools and APIs to allow SMEJ to quickly launch and bring its on-demand service to market. The service, [...]

  • Vidcon Sarah Tortoreti

    VidCon Has a New Marketing Chief: Nickelodeon's Sarah Tortoreti

    VidCon tapped Sarah Tortoreti as VP of marketing to head up the digital-creator and video confab’s promotional strategies worldwide. Tortoreti joins VidCon from Viacom’s Nickelodeon, where she was director of marketing and brand strategy since April 2016. In early 2018 Viacom acquired VidCon, founded by veteran YouTube creators Hank Green and John Green. In the newly [...]

More From Our Brands

Access exclusive content