Tag Archives: dtegy

Sprint Plunges On Dropped T-Mobile Deal; Dish Looms

Sprint’s (S) stock plunged amid reports it has dropped plans to acquire T-Mobile US (TMUS), which is 67% owned by Deutsche Telekom (DTEGY). Shares in Sprint were down 13% before the market open in the stock market today. T-Mobile’s stock fell nearly 9%. Japan’s SoftBank, which owns 80% of Sprint, has been pushing for a T-Mobile merger. SoftBank’s stock fell in Japan on Wednesday, though the company holds a large stake in Alibaba Group, which plans

Dish Decision: Disrupt Or Join Sprint-TMUS Wedding?

Dish Network might yet cut in on the merger dance between Sprint and T-Mobile US, though analysts say it’s more likely the satellite TV broadcaster could play bridesmaid in the wireless marriage. Sprint (S), controlled by Japan-based SoftBank, is widely expected to bid for T-Mobile US (TMUS) this summer. Shares of T-Mobile, which is 67% owned by Deutsche Telekom (DTEGY), slipped after reports surfaced that Sprint will offer $40 per share, half in

Marriage Coming? T-Mobile Joins Sprint With Q1 Loss

T-Mobile US (TMUS) reported Q1 revenue and EPS that missed views but the stock jumped Thursday on renewed speculation of a Sprint (S) bid for the company. T-Mobile, controlled by Deutsche Telekom (DTEGY), said it lost 19 cents per share in Q1 compared to a pro-forma profit of 20 cents a year earlier, including the acquisition of MetroPCS Communications. T-Mobile said Q1 revenue rose 15.3% to $6.875 billion. Analysts had estimated a Q1 loss of 8