Sprint-Softbank Talks Said to Include Clearwire, Formerly Included T-Mobile
The plot is thickening on the Sprint-Softbank talks. David Faber on CNBC has said that talks between Sprint Nextel Corp. (NYSE: S) and Softbank are advanced, but they are for a stake with a value of some $12.8 billion. What…
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Another thing that David Faber said was that the deal originally was considered a three-way deal that included Deutsche Telekom’s T-Mobile USA, but ultimately that deal fell apart because T-Mobile was too worried about antitrust measures coming into play. After the deal with AT&T Inc. (NYSE: T) was blocked by regulators, it is easy enough to understand why the Germans had some reservation about trying to proceed.
Clearwire shares are now up 30% at $1.69 in active premarket trading. Again, the terms of a deal are still outstanding, so there is no way to know exactly what sort of premium would be there for a 75% or so stake of Sprint Nextel. There is also no way to know if the Clearwire deal is truly a part of it as a real takeover or whether it is just an expanded pact.
JON C. OGG
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Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. www.247wallst.com.