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Sprint bid for T-Mobile US gathers momentum – report

first_imgHome Sprint bid for T-Mobile US gathers momentum – report Ken Wieland Sprint, the third-largest mobile operator in the US, has received proposals from at least two banks on how it might finance a takeover bid for smaller rival T-Mobile US, according to The Wall Street Journal (WSJ).Sources say terms of a bid have yet to be firmed up, but the enterprise value (takeover price) of T-Mobile US is pegged at around $50 billion.The sum is arrived at by paying about $31 billion for T-Mobile, plus a possible refinancing to the tune of $20 billion in existing T-Mobile debt.The WSJ report says having funds at hand to cover T-Mobile’s existing debt would be necessary since debt holders could cash in their bonds if the company changes ownership.As speculation of a Sprint takeover has grown, so too has the value of T-Mobile shares. They have risen nearly 28 per cent since it was reported last month that Sprint, majority-owned by Japan’s SoftBank, was stepping up its efforts to buy T-Mobile US (67 per cent owned by Deutsche Telekom).T-Mobile US now has a market cap value of about $26 billion.Fuelling takeover speculation is Deutsche Telekom’s transfer of its T-Mobile US stake from a German holding company to a Dutch holding company.BTIG analyst Walter Piecyk said in a research note, quoted by Reuters, that Deutsche Telekom could be transferring ownership for tax reasons related to a potential T-Mobile US sale.Deutsche Telekom claims the transfer is part of a larger internal restructuring to simplify its business structure, and no more should be read into it.A tie-up between the third and fourth-largest mobile operators in the US would likely face intense regulatory scrutiny, but WSJ sources say both operators – if a deal were to be reached – would prefer it to happen before a major auction of spectrum expected in mid-2015.It’s widely thought that winning regulatory approval could take between 12 and 18 months, although that may not be forthcoming.Another potential stumbling block is that regulators rather like the “uncarrier” strategy of T-Mobile US, which has seen the operator ramp up net additions.At the CES show in Las Vegas, however, T-Mobile US boss John Legere suggested that the T-Mobile US way would still prevail – even after a merger.A deal with Sprint “would provide significant scale and capability,” he said, but “the T-Mobile Uncarrier business, the people, the brand, the attitude is here to stay.”If a merger did go ahead, the new combination would have approximately 101 million connections against 110 million connections for AT&T and 118 million for Verizon Wireless (GSMA Intelligence, Q4 2013). FinancialRegulatorySprintT-Mobile US Previous ArticleDocomo ditches Tizen plans – reportNext ArticleNSN CEO, Nokia CFO in running for top job – report Tags Author Related Amazon reels in MGM Deutsche Telekom, SoftBank tipped for T-Mobile trade T-Mobile US chief predicts market rebound Ken has been part of the MWC Mobile World Daily editorial team for the last three years, and is now contributing regularly to Mobile World Live. He has been a telecoms journalist for over 15 years, which includes eight…More Read more AddThis Sharing ButtonsShare to LinkedInLinkedInLinkedInShare to TwitterTwitterTwitterShare to FacebookFacebookFacebookShare to MoreAddThisMore 17 JAN 2014 last_img read more

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Indie Games Accelerator

first_imgIndie Games Accelerator The FbStart Accelerator-Research Programme Tweet May 13, 2019 Published by sanja Reddit ← Fulbright U.S. Scholar Program- Journalism Similar Stories Deadline: 19 May 2019Open to: developers from Asia, the Middle East, Africa, and Latin AmericaBenefits: all-expenses-paid gaming boot camps at Google Asia HQ in SingaporeDescriptionIndie Games Accelerator is a program for top indie game startups from select emerging markets who are looking to supercharge their growth on Android. This is a special edition of the Launchpad Accelerator program, designed in close collaboration with Google Play, featuring a comprehensive gaming curriculum and mentorship from top mobile gaming experts.EligibilityDevelopers from:Asia: Bangladesh, Brunei, Cambodia, India, Indonesia, Laos, Malaysia, Myanmar, Nepal, Pakistan, Philippines, Singapore, Sri Lanka, Thailand and Vietnam;Middle East & Africa: Egypt, Jordan, Kenya, Lebanon, Nigeria, South Africa, Tunisia and Turkey;Latin America: Argentina, Bolivia, Brazil, Chile, Colombia, Costa Rica, Ecuador, Guatemala, Mexico, Panama, Paraguay, Peru, Uruguay and Venezuela.BenefitsSelected participants receive:Invites to 2 all-expenses-paid gaming boot camps at Google Asia HQ in Singapore;Personalized mentorship from Google and gaming industry experts;Opportunity to be showcased on Google Play;USD 20,000 in Google Cloud Platform and Firebase credits;Google Pixel phone;Invites to exclusive events.More details about the program and benefits here.How to apply?In order to apply, please fill the application form.For more information, please visit the official web page. LinkedIn 0 Pocket Share 0 Call for Google for Startups Accelerator: Sustainability Development Goals Application Miller Center Women’s Economic Empowerment Online Accelerator 2021 +1 National Geographic – Documenting Human Migrations Grant 2019 →last_img read more

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Gophers land grad transfer Brandon Johnson from Western Michigan

first_imgGophers land grad transfer Brandon Johnson from Western MichiganJohnson averaged 15.4 points and 8.1 rebounds per game last season.Kamaan RichardsPlayers on the Gophers bench observe those on the court at Williams Arena on Wednesday, Jan. 15. Minnesota defeated the Penn State Nittany Lions 75-69. Nick JungheimApril 10, 2020Jump to CommentsShare on FacebookShare on TwitterShare via EmailPrintThe Gophers added another player to their 2020-21 roster on Thursday, landing graduate transfer Brandon Johnson from Western Michigan University. He is the second transfer Minnesota has landed in the past week, as center Liam Robbins from Drake committed on Sunday.Johnson started every game he played in during his first two seasons with Western Michigan but missed the entire 2018-19 season with a knee injury. Last year, he returned to start 31 games, setting career-highs with 15.4 points and 8.1 rebounds per game.Minnesota was able to land Johnson after beating out several other programs. Among Johnson’s finalists were other high-profile teams including Dayton, Cincinnati and Connecticut. With Johnson, a 6-foot-8-inch power forward, the Gophers receive an experienced player to help bolster their front court. With Robbins and Johnson committing, Minnesota hopes to have found replacements for senior Alihan Demir, who graduated, and sophomore Daniel Oturu, who declared for the NBA Draft.Unlike Robbins, who would need to receive a waiver from the NCAA to play next season, Johnson will become eligible to play immediately as a grad transfer.last_img read more

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New leader for Air Liquide Foundation

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