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SFTBY - Sprint T-Mobile Merger: Reassessing The Thesis
SoftBank Group Corp ADR
In June 2017, Deutsche Telekom (OTCQX:DTEGF/OTCQX:DTEGY) announced that it was planning to merge its subsidiary T-Mobile US (TMUS) with its competitor Sprint (S). Due to its rapid growth, T-Mobile US overtook its merger partner Sprint in terms of size and market capitalization. Therefore, Deutsche Telekom continued claimed a controlling majority after the merger. The current owner of Sprint, SoftBank (OTCPK:SFTBY), would have held a minority interest. Deutsche Telekom is to hold 42 percent of the joint company with 9 out of 14 supervisory board mandates.