SoftBank agrees to go ahead with T-Mobile merger deal

SoftBank is reported to be satisfied with negotiations with Deutsche Telekom and has agreed to terms set out for a merger for their US subsidiaries, Nikkei reports. No actual terms have been disclosed for a combination of Sprint and T-Mobile.

The two carriers have been growing their business, the former more slowly than the latter. If combined, they would still assume T-Mobile’s current third-largest network position in the United States by usership, but they would only be behind AT&T by about 3 million subscribers.

It was previously reported that should the deal crumble under regulatory scrutiny from the FCC and the Department of Justice, Sprint and T-Mobile would not give each other break-up concessions — AT&T had to give spectrum and cash to T-Mobile when its acquisition bid in 2011 failed — though SoftBank may ask for a termination fee.

A merger between Sprint and T-Mobile also fell apart in 2014.

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Jules Wang
Jules Wang is News Editor for Pocketnow and one of the hosts of the Pocketnow Weekly Podcast. He came onto the team in 2014 as an intern editing and producing videos and the podcast while he was studying journalism at Emerson College. He graduated the year after and entered into his current position at Pocketnow, full-time.