Sprint Eyeing $32 Billion T-Mobile Deal

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Sprint Eyeing $32 Billion T-Mobile Deal

by Wochit 0:43 mins

Sprint Eyeing $32 Billion T-Mobile Deal

by Wochit 0:43 mins

According to media reports, following intense speculation surrounding the potential of Sprint acquiring rival T-Mobile for the last six months, the two companies appear to have reached a tentative deal. Under preliminary terms of the reported deal, Sprint is likely to pay around $40 per share for T-Mobile, valuing the company’s equity at close to $32 billion. Sprint would also assume T-Mobile’s net debt of about $9 billion, adding to its ever-burgeoning debt load, which at the end of Q1 2014 was $26.6 billion.

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