The Deutsche Telekom subsidiary T-Mobile US swallows the U.S. rival Sprint.

42 percent of the new company "T-Mobile" is to keep the German mother in Bonn.

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Just five months ago, the mega-merger was being canceled officially, now she has come about: the Deutsche Telekom subsidiary T-Mobile US swallows the U.S. rival Sprint. On Sunday evening a binding agreement had been reached to merge both companies, according to a notice to the shareholders who spread the Telecom in the evening. It’s a billion wedding that could redefine the balance of power in the competitive American mobile market.

42 percent of the new company “T-Mobile” is to keep the German mother in Bonn. The Japanese Sprint mother Softbank holds 27 percent, 31 percent goes to free shareholders. Head of Board of Directors of the new company is Deutsche Telekom Chief Timotheus Höttges.

The previous Chief of T-Mobile US, John will continue the business casual. “Deutsche Telekom thus strengthens its presence in the leading markets of the Western world”, Halla announced.

The deal has enormous dimensions: due to the high level of indebtedness arises according to the company a total value of nearly $150 billion.

The transaction is handled via a share swap. “Each 9.75 Sprint shares whose shareholders in return for a new share of the T-Mobile US without bare surcharge”, according to the release. Pending approval by the anti-trust authorities.

The number three (T-Mobile) and four (Sprint) in the US telephone business have in common, according to own approximately 127 million customers and combined annual sales of more than $70 billion. Now they want to blow together to attack the industry leaders Verizon and AT & T. Thus, the third attempt a merger is plumbed with the period of four years, could lead to the success. Sprint was around 26 billion dollars hard at the close of trading on Friday, which corresponds to about 6.50 dollars per share.

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