T-Mobile in talks with Sprint on merger, does not rule out lower price

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 66%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

T-Mobile US Chief Executive John Legere on Thursday acknowledged talks are ongoing with Sprint Corp to extend their merger agreement, but he ...

WASHINGTON: T-Mobile US Chief Executive John Legere on Thursday acknowledged talks are ongoing with Sprint Corp to extend their merger agreement, but he declined to rule out requesting the US$26 billion price be reduced.

"It's not a hostile conversation. It's an active one," he said, while giving no sense of when agreement might be reached. Sprint said it was not backing away."We continue to be committed to completing the merger with T-Mobile," Sprint spokeswoman Lisa Belot said in an email.Legere said a new merger agreement's terms could entail "'How do you handle things that have happened that need to possibly to be indemnified, how do you agree on future things that you will share in order to settle the deal, etc.' It’s a broad array of things.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

US telecom regulator approves T-Mobile and Sprint mergerWASHINGTON: The US telecom regulator on Tuesday (Nov 5) approved the merger of T-Mobile and Sprint, moving the tie-up of the third- and ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

FCC releases order approving merger of Sprint, T-Mobile along party linesThe Federal Communications Commission on Tuesday released its order approving T-Mobile US Inc's proposed US$26.5 billion tie-up with Sprint Corp ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

FCC releases order approving merger of Sprint, T-Mobile along party linesThe Federal Communications Commission on Tuesday released its order approving T-Mobile US Inc's proposed US$26.5 billion tie-up with Sprint Corp ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »