T-Mobile and Sprint pitch America First 5G deal
T-Mobile and Sprint pitch America First 5G deal. T-Mobile US and Sprint are pitching an America First 5G deal. The mobile operators agreed on Sunday to merge to create a more powerful competitor to market leaders Verizon and AT&T. Antitrust concerns stymied earlier talks, but T-Mobile US Chief Executive John Legere said the deal would create rural jobs and keep the country ahead of China in the 5G race.
That’s likely to appeal to President Donald Trump’s regulators. The all-stock deal, which values Sprint at $26.5B or $6.62 a share, a premium of less than 2% over Friday’s close, puts T-Mobile US owner Deutsche Telekom in the driver’s seat. Read more here