Deal Snapshot
US WIRELESS CARRIERS T-MOBILE AND SPRINT TO MERGE IN USD 146BN DEAL
Tuesday 01 May 2018

US-based wireless carriers T-Mobile US (NASDAQ: TMUS) and Sprint Corp. (NYSE: S) have entered into a definitive agreement to merge in an all-stock transaction at a fixed exchange ratio of 0.10256 T-Mobile shares for each Sprint share or the equivalent of 9.75 Sprint shares for each T-Mobile US share, the companies said.
Based on closing share prices on April 27, this represents a total implied enterprise value of approximately USD 59bn for Sprint and approximately USD 146bn for the combined company. The combined company will be named T-Mobile.


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Details
Date Published: 01/05/2018
Target: Sprint Corp
Country: USA
Deal Size: 146bn (USD)
Sector: Telecommunications
Type: Merger
Financing: Stock
Status: Agreed
Vendor:
Buyer: T-Mobile US
Buyer Advisor: Evercore , Latham and Watkins , Richards, Layton and Finger , Morgan Stanley , PJT Partners
Comment:


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