A few weeks back it was first rumored that SoftBank, which owns Sprint, is going to bid for T-Mobile U.S. While there hasn’t been an official announcement as yet, many reports have come since then claiming that the merger of the 3rd and 4th largest U.S. carriers is quite possible. At first it was believed that SoftBank will bid around $20 billion for T-Mobile, almost $19 billion less than what AT&T bid for it back in 2011. With Deutsche Telekom recently saying that T-Mobile’s value is back to the 2011 level, a new report claims that a bid of as much as $45 billion might be submitted, apparently SoftBank has already secured this much in funding from major financial institutions.
T-Mobile Sprint Merger May Cost SoftBank $45 Billion original content from Ubergizmo.