Monday, June 10, 2013

SoftBank considering Tmobile as a Seconday Option

SoftBank might use T-Mobile USA as its back-up option should its attempt to acquire a 70% equity stake in Sprint fall through, reports Reuters. Reuters said that SoftBank has held discussions over the matter with Deutsche Telekom, which owns 74% of T-Mobile.

One possible scenario would have SoftBank purchase the 74% owned by Deutsche Telekom, says Reuters' source.

SoftBank is paying $20.1 billion for 70% of Sprint, but T-Mobile's market capitalization stands at about $15 billion.

SoftBank's deal has already been approved by the US Government. It faces a Sprint shareholder vote on June 12.