T-Mobile is asking to roll back commitments it made in exchange for approval to buy Sprint
Less than three months into the life of the “new” T-Mobile US Inc., the self-proclaimed maverick mobile-phone carrier is already asking to roll back commitments it made in exchange for approval to buy its smaller rival Sprint Corp.
Although T-Mobile promised to create 1,000 full-time jobs in California, the company said Tuesday that the state can’t dictate hiring. The COVID-19 crisis “makes the imposition of a mandate to create additional jobs infeasible and unwarranted,” it said in a filing with the commission. As the lone holdout among the states, California granted conditional approval of the merger in mid-April, two weeks after the merger took place.
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SoftBank kicks off $21 billion sale of T-Mobile sharesSoftBank Group Corp unveiled a series of transactions on Monday to divest more than $21 billion worth of stock in U.S. wireless carrier T-Mobile US Inc , as it seeks funding for a $41 billion share buyback and debt reduction plan.
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Coronavirus Lockdown Will Boost Jeff Katzenberg's And Meg Whitman’s New Mobile Streaming Service QuibiI’m a Los Angeles-based senior editor for Forbes, writing about the companies and people behind the biggest disruption in entertainment since cable TV: streaming video. I write about the tech juggernauts, the legacy media companies and the startups pioneering new ways to reach the consumer. I’ve spent more than 20 years covering the intersection of entertainment and technology. My work has appeared in some of the nation’s most prominent publications, including USA Today, U.S. News & World Report and the Los Angeles Times. As a senior editor at Recode, I won awards for coverage of the devastating cyberattack on Sony Pictures Entertainment. Email me at dchmielewski [at] forbes.com or follow me at dawnc331.
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SoftBank plans to sell up to $21 billion worth of T-Mobile stockSoftBank will sell up to about 198 million shares of T-Mobile stock worth about $21 billion, the telecom company announced Monday.
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T-Mobile launches stock offering to facilitate SoftBank's stake saleT-Mobile on Monday launched a stock offering to facilitate SoftBank Group Corp's plan to sell a portion of its stake in the telecom operator.
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SoftBank to sell T-Mobile shares at $103 apiece: sourceSoftBank Group Corp is set to sell a portion of its stake in U.S. wireless carrier T-Mobile US Inc at $103 per share to raise $13.76 billion, a person familiar with the matter said on Tuesday.
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BTS Takes Over 'UNO! Mobile' for Limited In-Game Event (Exclusive)Collectibles, card sleeves, avatars, voice packs, icon borders and game backgrounds featuring the South Korean boy band will be available.
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