T-Mobile US and Sprint reached a definitive agreement to merge in an all-stock transaction. Deutsche Telekom and SoftBank Group will roll their entire economic ownership stakes into the new company, which retain the name T-Mobile. DT currently holds a 62% stake in T-Mobile US. Softbank currently holds an 83% stake in Sprint. The deal will require regulatory approvals.
Key points of the deal:
the transaction has a fixed exchange ratio...
