By Economic & Finance Report
It seems that two cell phone providers are seeking to merge in a global partnership. It has been noted that T-Mobile and Sprint are mergering to form a super cell phone network; which will then in place only bring about three top cell phone providers internationally.
The new company will be called T-Mobile. The deal is worth around $26.5 billion and values estimates the alliance to be worth around $150 billion after completion.
The merger can expect tough regulatory hearings on the formation of the partnership, especially by Chairman Ajit’s FCC, and select congressional committees.
Many analysts see the merger approving between 50%-60%, in passing regulatory approval. They also indicate the stakes are higher for Sprint then they are for T-Mobile, for regulatory approval. -SB