T-Mobile US and Sprint have announced they have entered into a definitive agreement to merge in an all-stock transaction.
Based on closing share prices on April 27th, this represents a total implied enterprise value of approximately $59 billion for Sprint and approximately $146 billion for the combined company, which will be named T-Mobile.
Analyst Comment
This deal will combine the third and fourth largest operators in the US and, if approved by regulators, will mean there are effectively three players in the US market – AT&T, Verizon and the merged company. (BR)
