T-Mobile Parent Seeks to Re-Negotiate Sprint Deal, FT Says

(Bloomberg) — Deutsche Telekom is pushing for a re-negotiation of terms for the sale of Sprint Corp. to T-Mobile US Inc., the Financial Times cites unidentified people as saying.The German carrier, which owns a majority of T-Mobile, wants a lower price because Sprint’s shares have slid since the deal was proposed in 2018, it said.Bloomberg News reported Wednesday that Sprint and majority owner SoftBank Group Corp. would likely have to accept a lower price than when the merger agreement was first forged in April 2018. Sprint’s monthly churn — a closely watched measure of how many customers leave — has …read more

Source:: Yahoo Finance

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