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MarketScreener Homepage  >  Equities  >  Nasdaq  >  T-Mobile US    TMUS

T-MOBILE US

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DoJ concerned over structure of T-Mobile-Sprint merger, sources reveal

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04/17/2019 | 07:39am EDT

US Department of Justice (DoJ) officials have informed T-Mobile US and Sprint Corp that they have concerns regarding the current structure of the companies’ proposed USD26 billion merger, sources familiar with the matter have told the Wall Street Journal. Among other things, DoJ officials have reportedly questioned the oft-repeated claims that the merger will create ‘important efficiencies.’ One of the sources added that state antitrust officials also have qualms about the merger. Indeed, a meeting between senior government antitrust division officials and advisers to the two mobile companies has been set for later this month. Some Democratic presidential hopefuls are expected to include strong antitrust enforcement messages in their pitches to voters, meaning that opposition to the merger could intensify as the 2020 election campaign heats up.

As previously reported by TeleGeography’s CommsUpdate, in April 2018 T-Mobile and Sprint entered into a definitive agreement to merge in an all-stock transaction. They seek to create a company which will be 41.7% owned by T-Mobile’s parent Deutsche Telekom (DT, which would have overall control) and 27.4% owned by Sprint parent SoftBank Group Corp, with the remaining 30.9% in free float.

(c) 2002-2019 PriMetrica, Inc. All Rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

Stocks mentioned in the article
ChangeLast1st jan.
DEUTSCHE TELEKOM AG 0.16% 15.07 Delayed Quote.1.69%
SOFTBANK GROUP CORP 2.03% 10295 End-of-day quote.46.97%
SPRINT CORP 3.02% 7.16 Delayed Quote.23.02%
T-MOBILE US 1.64% 77.26 Delayed Quote.21.47%
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Financials ($)
Sales 2019 45 462 M
EBIT 2019 5 854 M
Net income 2019 3 390 M
Debt 2019 24 661 M
Yield 2019 -
P/E ratio 2019 19,73
P/E ratio 2020 16,47
EV / Sales 2019 1,99x
EV / Sales 2020 1,87x
Capitalization 66 012 M
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Mean consensus OUTPERFORM
Number of Analysts 20
Average target price 82,6 $
Spread / Average Target 6,9%
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Managers
NameTitle
John J. Legere Chief Executive Officer & Director
G. Michael Sievert President, Chief Operating Officer & Director
Timotheus Höttges Chairman
J. Braxton Carter Chief Financial Officer & Executive Vice President
Neville R. Ray Chief Technology Officer & Executive VP
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