As they say, the third time is a charm! T-Mobile and Sprint tell us they have entered into a definitive agreement to merge in an all-stock transaction at a fixed exchange ratio of 0.10256 T-Mobile shares for each Sprint share or the equivalent of 9.75 Sprint shares for each T-Mobile US share. Based on closing share prices on April 27, this represents a total implied enterprise value of approximately $59 billion for Sprint and approximately $146 billion for the combined company. The new company will have a strong closing balance sheet and a fully funded business plan with a strong foundation of secured investment grade debt at close.
5G & IoT NA
An Internet of Things powered media entity, Smart City Media, has announced that it has agreed to enter into a strategic partnership with Duke Energy One that will oversee the deployment of outdoor digital technology in Louisville.
As technology suppliers develop the next-generation of wireless technologies, mobile operators invest in the networks of the future, and governments launch innovation programs, the early benefits of 5G will go to economies where globally aligned 5G spectrum and technology innovation is readily available.
Chinese vendor Huawei has partnered with Canadian telecommunications operator TELUS on an urban trial of 5G wireless-to-the-home service using customer premise equipment (CPE). It has been claimed that the innovative trial is the first of its kind in North America and among the first globally.
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