Sprint and T-Mobile agree to combine in all-stock deal - Tucson News Now

BREAKING: Sprint and T-Mobile agree to combine in all-stock deal

By STAN CHOE
AP Business Writer

NEW YORK (AP) - T-Mobile and Sprint are trying again to combine in a deal that would reshape the U.S. wireless landscape, bringing it down to three major cellphone companies.

The deal announced Sunday would help the companies slash costs and could make them a stronger competitor to the larger AT&T and Verizon. But consumers might see higher prices because the combined company wouldn't have to offer as many promotions to lure customers.

The proposed all-stock deal values Sprint at about $59 billion and the combined company at $146 billion.

Sprint dropped its bid for T-Mobile more than three years ago after running into concerns about wireless competition in the Obama administration. The two were poised to combine in October, but that deal was called off, too.

Copyright 2018 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

  • NationalMore>>

  • Black teens terrified by Minneapolis Park Police with guns

    Black teens terrified by Minneapolis Park Police with guns

    Wednesday, July 18 2018 10:56 AM EDT2018-07-18 14:56:10 GMT
    Wednesday, July 18 2018 3:47 PM EDT2018-07-18 19:47:43 GMT
    Some black teenagers say they feared for their lives when they were confronted by Minneapolis Park Police officers who were responding to a bogus 911 report that they were armed.
    Some black teenagers say they feared for their lives when they were confronted by Minneapolis Park Police officers who were responding to a bogus 911 report that they were armed.
  • Study links air pollution to drop in national park visitors

    Study links air pollution to drop in national park visitors

    Wednesday, July 18 2018 2:20 PM EDT2018-07-18 18:20:32 GMT
    Wednesday, July 18 2018 3:47 PM EDT2018-07-18 19:47:39 GMT
    A new study says visitors may be steering clear of some U.S. national parks or cutting their visits short because of air pollution.
    A new study says visitors may be steering clear of some U.S. national parks or cutting their visits short because of air pollution.
  • Tesla Model 3 buyers lose patience and maybe tax credits

    Tesla Model 3 buyers lose patience and maybe tax credits

    Wednesday, July 18 2018 10:21 AM EDT2018-07-18 14:21:16 GMT
    Wednesday, July 18 2018 3:47 PM EDT2018-07-18 19:47:34 GMT
    (AP Photo/Chris Carlson). Keith Reynolds, who is on the Tesla waiting list for a Model 3, is photographed by his 9-year-old Audi A3 compact car Monday, July 16, 2018, in Laguna Hills, Calif.  For many on the list to buy Tesla's mass-market electric car...(AP Photo/Chris Carlson). Keith Reynolds, who is on the Tesla waiting list for a Model 3, is photographed by his 9-year-old Audi A3 compact car Monday, July 16, 2018, in Laguna Hills, Calif. For many on the list to buy Tesla's mass-market electric car...
    Many on waiting list for cheaper Teslas worry they won't get cars until after tax credit is gone.
    Many on waiting list for cheaper Teslas worry they won't get cars until after tax credit is gone.
Powered by Frankly