TMUS May 2020 90.000 call

OPR - OPR Delayed Price. Currency in USD
-0.30 (-2.71%)
As of 3:59PM EST. Market open.
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Previous Close11.05
Expire Date2020-05-15
Day's Range10.49 - 10.75
Contract RangeN/A
Open InterestN/A
  • Business Wire

    Surprise! T-Mobile Announces Not Just One, But Three Grand Prize Winners of the Second-Annual Changemaker Challenge

    Oops, we did it again! T-Mobile senior leaders were SO impressed by the top three teams competing for the Grand Prize at this year’s T-Mobile Changemaker Challenge, they couldn’t just choose one winner… instead they awarded all three Category Winners the Grand Prize!

  • T-Mobile, Sprint Revise Deal Terms After Regulatory Approval

    T-Mobile, Sprint Revise Deal Terms After Regulatory Approval

    (Bloomberg) -- T-Mobile US Inc. and Sprint Corp. agreed to new terms for their pending merger that take account of the slide in Sprint shares since the transaction was first agreed, putting the industry-altering deal a step closer to completion.T-Mobile owners will get roughly 11 shares of Sprint for each of their stock, the companies said Thursday. That’s an increase from a ratio of 9.75 previously and is more favorable for T-Mobile’s German owner Deutsche Telekom AG.The equity value of the amended deal is about $37 billion compared with the original agreement of $26.5 billion, according to Bloomberg Intelligence analyst Erhan Gurses. The higher valuation partly reflects the 62% gain in T-Mobile shares since the all-stock transaction was announced almost two years ago, despite the deterioration in Sprint’s business.Getting one of the biggest U.S. wireless mergers ever over the finish line would be a boon for Deutsche Telekom as it will reduce its reliance on Europe, where carriers are struggling to grow amid fierce competition. T-Mobile makes up more than half of Deutsche Telekom’s sales, up from about a third in 2014. A completed deal will also benefit Sprint owner SoftBank Group Corp. by allowing its chairman, Masayoshi Son, to better focus on his technology investments and the $100 billion Vision Fund.The combined company, which will operate under the T-Mobile name, will have a regular monthly subscriber base of about 80 million -- in the same league as AT&T Inc., which has 75 million subscribers, and Verizon Communications Inc., which has 114 million.When the transaction closes, which could happen as soon as April 1, Deutsche Telekom is expected to keep 43% of the merged entity, while SoftBank has 24%. The rest will be held by public shareholders.Deutsche Telekom shares fell 1.3% to trade at 16.41 euros in Frankfurt. Sprint shares were up 5% to $9.96 at 11:01 a.m. in New York, while T-Mobile was down 1.8% to $97.73.The original accord, which united the third- and fourth-largest U.S. wireless carriers, was forged in April 2018. That pact lapsed on Nov. 1, and the companies didn’t initially renew the terms while they fought for government approval. When a federal judge rejected a state lawsuit to block the transaction earlier this month, that put the talks on the front burner.Along the way, Sprint’s condition has worsened. That added pressure to redraw the agreement so that it was more favorable to Deutsche Telekom.SoftBank agreed to surrender 48.8 million T-Mobile shares that it will acquire in the merger to the combined company immediately after the transaction closes. But those shares could be reissued to SoftBank by 2025 if the new company’s stock stays above $150 for a period of time.That arrangement -- having SoftBank relinquish the stock after the deal closes -- was structured so that the deal wouldn’t have to go before another shareholder vote.Sprint investors other than SoftBank will still get the original ratio of 0.10256 T-Mobile shares for each Sprint share -- the equivalent of about 9.75 Sprint shares for each T-Mobile share.Sprint’s monthly churn -- a closely watched measure of how many customers leave -- has risen to nearly 2%. That means roughly a quarter of its subscriber base is quitting the carrier each year. And the company isn’t making up for the decline by charging more: Average revenue per customer has fallen 5% since the deal was announced.Analysts such as LightShed Partners’ Walt Piecyk said the merger’s exchange ratio should be closer to 12, given Sprint’s deteriorated business.(Updates with valuation detail in third paragraph, updates share prices.)To contact the reporters on this story: Scott Moritz in New York at;Stefan Nicola in Berlin at snicola2@bloomberg.netTo contact the editors responsible for this story: Nick Turner at, Jennifer RyanFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.


    Sprint Investors Avoid a Haircut Under Revised Terms of T-Mobile Merger

    The revised terms of the company’s $41 billion merger with T-Mobile US spared Sprint public holders, but not SoftBank Group.

  • Benzinga

    Sprint Trades Higher After Revising Merger Agreement With T-Mobile

    Telecom companies Sprint Corp (NYSE: S) and T-Mobile Us Inc (NASDAQ: TMUS) revised the financial terms of their merger agreement Thursday. Sprint shareholders will receive the same exchange ratio as part of the merger agreement, which was settled at 9.75 Sprint shares for one T-Mobile share.


    Jim Cramer on Sprint and T-Mobile, and the Coronavirus

    It's finally Friday! Let's go over some of the top stories Friday. We're talking about the Sprint & T-Mobile merger, and the coronavirus. Let's Talk About the Coronavirus The virus was the focus of Jim Cramer's Real Money column Friday morning: "What do you do when the coronavirus pretty much plays out as the medical people in the United States said it would? Go back to the words of our very best epidemiologist, Dr.


    What to Watch Before the Open: Coronavirus, Sprint & T-Mobile and Wells Fargo

    Here's what to watch before the opening bell rings.


    Coronavirus, Tesla, Wells Fargo, Sprint and Dropbox - 5 Things You Must Know Friday

    Stock futures decline after the number of new coronavirus cases outside of China spikes; Wells Fargo is close to a settlement over its sales practices; Tesla gets OK to clear trees at the site for its factory in Germany.

  • SoftBank’s Son to Pitch U.S. Investors Under Cloud of WeWork

    SoftBank’s Son to Pitch U.S. Investors Under Cloud of WeWork

    (Bloomberg) -- Masayoshi Son will head to New York next month for the first time since the implosion of WeWork, seeking to persuade hedge funds and institutional investors that the fortunes of SoftBank Group Corp. have turned since the disastrous investment.The Japanese billionaire is scheduled to address investors on March 2. There, he could point to the approved sale of Sprint Corp., a rally in Uber Technologies Inc. shares and Elliott Management Corp.’s purchase of SoftBank stock as signs of progress at his company, said people familiar with the plans. It’s unclear where WeWork will fit into the agenda.Within SoftBank, there’s disagreement about how to convey the company’s strategy. Son, 62, is known for his eccentric financial presentations, which have included a “hypothetical illustration” of WeWork profitability and stock photos of ocean waves and calm waters. One memorable slide from 2014 contained only a drawing of a goose and the words: “SoftBank = Goose.” Many staff at headquarters in Tokyo love the founder’s showmanship, but some senior executives are exasperated and argue a clearer and more sober message is needed, said people familiar with internal discussions who asked not to be identified because the matter is private.Ultimately, Son will decide. He has downplayed any pressure from Elliott, a New York-based activist investor that disclosed a nearly $3 billion stake in SoftBank this month. Son called Elliott an “important partner” and said he’s in broad agreement with the investor’s arguments for buybacks and increasing the stock price. Son has signaled less receptiveness to Elliott’s other suggestions: selling more of the stake in Alibaba Group Holding Ltd. and reining in the Vision Fund, a $100 billion investment vehicle that accounted for more than $10 billion of losses in the past two quarters.In private meetings with SoftBank, Elliott raised issues over the clarity of SoftBank’s strategy, people familiar with the talks said. SoftBank is planning to make hires within its investor relations department to help shape the message to shareholders. SoftBank declined to comment. A spokesperson for Elliott declined to comment.“Right now, serious heat is being applied on Son,” said Justin Tang, head of Asian research at United First Partners in Singapore. “Son has to be seen actually doing something.”Son’s heading into the meeting with one win under his belt: T-Mobile US Inc. and Sprint have agreed to new terms for their pending merger, a key step toward completing a transaction that will unload the loss-making carrier and unlock new capital for SoftBank. Its shares rose as much as 3.3% in Tokyo Friday.T-Mobile, Sprint Renew Deal as Merger Clears Regulatory HurdlesAlthough next month’s event was scheduled before Elliott disclosed its stake and is not designed to specifically address the activist investor’s involvement, it will be a focus for attendees, said people familiar with the preparations. Executives are bracing for questions about Elliott’s intentions and how far the shareholder will go to boost the stock’s value.Goldman Sachs Group Inc. is organizing the March event, the people said. The firm, which helped Japan’s Sony Corp. and Toshiba Corp. in their dealings with activist investors, is vying for the job of advising SoftBank on Elliott, said a different person said. However, SoftBank is likely to manage the relationship in-house, another person said. The job may fall to Marcelo Claure, the chief operating officer who’s helping oversee the WeWork debacle; Katsunori Sago, the chief strategy officer and a former Goldman Sachs executive; or Ron Fisher, a director and trusted adviser to Son. A Goldman representative declined to comment on SoftBank.Dogs and PizzaSoftBank is recovering from a series of stumbles in recent months. WeWork’s plan to go public last year imploded, forcing SoftBank to arrange a rescue financing of $9.5 billion in October. Uber, despite a two-month surge, is still trading about 10% below last year’s offering price. The Vision Fund has suffered other high-profile setbacks, including investments in failed online retailer Brandless Inc., dog-walking app Wag Labs Inc. and pizza robot company Zume Pizza Inc.Elliott has said it took the stake in SoftBank because the Japanese company’s shares are woefully undervalued compared with its assets. Son himself has been pleading the case with increasing frequency. SoftBank’s own sum-of-parts calculation puts its total value at 12,300 yen a share ($111). That’s more than double SoftBank’s actual share price, which values the company at about $104 billion. Elliott has pegged SoftBank’s net asset value at about $230 billion, people familiar with the discussions have said.The disconnect between what SoftBank and Elliott say the company is worth and the market value can be explained by several quirks of how the business is run, according to a report from Pierre Ferragu, an analyst at New Street Research. Many shareholders would like the company to return more capital and improve its governance, he wrote. Risks associated with the Vision Fund and a lack of details about tax liabilities associated with cashing out its investments are other factors.SoftBank recognized the need for more oversight as early as 2018, when it charged Claure with a broad review of operations across SoftBank companies. Claure, the former head of Sprint, spent months assembling a team of about 40 executives. In the end, he was forced to cede control of the so-called SoftBank Operating Group to the man it was supposed to be overseeing: Rajeev Misra, the head of the Vision Fund.Elliott wants SoftBank to set up a special committee to review investment processes at the Vision Fund. Elliott argues the fund has dragged down the share price despite making up a small portion of assets under management, said people familiar with the discussions.Some at SoftBank are resistant to the idea of an oversight committee. Instead, SoftBank is seeking to resolve issues at the Vision Fund with new governance standards for the companies it invests in. The new rules will encompass how the fund approaches the composition of the board of directors, founder and management rights, rights of shareholders, and mitigation of potential conflicts of interest.Son has conceded that missteps with the original fund is making it difficult to raise money for a successor. He said last week that SoftBank may need to invest in startups using solely its own capital for a year or two.‘Black Swan’Elliott is also calling for a buyback of as much as $20 billion. A repurchase of that scale could boost SoftBank’s shares by 40%, Ferragu estimated. SoftBank’s last share repurchase was announced about a year ago, a record 600 billion yen. It sparked a rally that pushed the stock to its highest price in about two decades.Selling Alibaba shares to pay for a buyback, as Elliott has proposed, could be a point of contention with Son. In the past, Son has used the shares as collateral to borrow money for big acquisitions, including the $32 billion purchase of chip designer ARM Holdings. Son said last week during a quarterly financial briefing that he’d prefer to sell as little as possible and that there’s “no rush” to do so.SoftBank said on Wednesday it plans to borrow as much as $4.5 billion against shares of its Japanese telecom unit. The company, which had 3.8 trillion yen of cash and equivalents at the end of December, said it was raising capital for operations. SoftBank’s debt load exceeds $120 billion.Son’s reliance on debt is raising alarms, said Tang, the financial analyst. “He’s going to get wiped out if there is some black swan event,” Tang said. “SoftBank needs to de-leverage, and the best way to do it is to sell the Alibaba stake.”Elliott has a tradition of using strong-arm tactics to get its way with target companies, but there’s little chance of that happening with SoftBank. Elliott’s stake enables it to call an emergency shareholder meeting, but pushing through a proposal without the founder’s backing is a long shot. Son, who often goes by the nickname Masa, controls more than a quarter of SoftBank stock through various vehicles, and the company bylaws require two-thirds of votes to pass any proposal made through the board, according to a person with knowledge of the rules.“Unless everyone is against him,” said Tang, “it’s not possible to dislodge Masa.”(Updates with share action in the seventh paragraph)\--With assistance from Scott Deveau.To contact the reporters on this story: Pavel Alpeyev in Tokyo at;Giles Turner in London at;Takahiko Hyuga in Tokyo at thyuga@bloomberg.netTo contact the editors responsible for this story: Peter Elstrom at, Mark Milian, Colum MurphyFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Financial Times

    T-Mobile and Sprint strike new deal terms

    T-Mobile has renegotiated the takeover terms of its more than $70bn purchase of smaller rival Sprint, paving the way for the consolidation of the third and fourth-largest players in US telecommunications after a hard fought legal battle. The recut deal will give German telecoms company Deutsche Telekom, the parent of T-Mobile US, 43 per cent ownership of the yet-to-be combined US wireless carrier. of the combined business, which will retain the T-Mobile name.


    T-Mobile and Sprint Amend Merger Terms. The Deal Could Close in April.

    T-Mobile shareholders will own a slightly larger percentage of the new company than under the previous agreement.


    Sprint Leaps on Amended Merger Deal with T-Mobile

    Shares of Sprint S rose in after-hours trading Thursday after the company and T-Mobile announced revised terms of their $26 billion merger agreement which they said could be completed as soon as April 1. Under the revised deal, T-Mobile parent Deutsche Telekom will hold 43% of the newly created company, while SoftBank, the controlling holder of Sprint, will end up with 24%. Ordinary shareholders will see no difference in the exchange ratio for their stock - 9.75 Sprint shares for each T-Mobile share.

  • Business Wire

    T-Mobile and Sprint Announce Amendment to Business Combination Agreement

    T-Mobile US, Inc. (NASDAQ: TMUS) and Sprint Corporation (NYSE: S) today announced that they have entered into an amendment to their definitive Business Combination Agreement to create the New T-Mobile. The Boards of Directors of T-Mobile and Sprint have unanimously approved the amendment. The amendment has no impact on T-Mobile’s previously stated outlook on the New T-Mobile’s synergies, long-term profitability and cash generation.

  • T-Mobile, Sprint amend merger terms, SoftBank takes a hit

    T-Mobile, Sprint amend merger terms, SoftBank takes a hit

    Under the revised deal, SoftBank will hold about 24% of the combined entity, down from 27% under the earlier terms. T-Mobile's parent Deutsche Telekom will hold about 43% of the combined entity, up from the 42% that the German group would have held.

  • Verizon Stock Picture Unclear With 5G Wireless Spectrum Issues
    Investor's Business Daily

    Verizon Stock Picture Unclear With 5G Wireless Spectrum Issues

    Verizon built its powerful brand around the quality of its wireless network. If Verizon stock is going to retain bragging rights with 5G wireless services, it's going to need more bandwidth.

  • Business Wire

    T-Mobile Nabs Fifth Win in a Row for J.D. Power Wireless Purchase Experience

    It’s good to be at the top. J.D. Power today announced that T-Mobile (NASDAQ: TMUS) has once again taken the top spot in their 2020 U.S. Wireless Purchase Experience Study - Volume 1 for full-service providers. This is the fifth win in a row for the Un-carrier. And, T-Mobile snagged the top spot in every factor of the study with better, faster, more personalized experiences for customers shopping online, in-store and on the phone.

  • Business Wire

    Pre-Order Starts Today with Serious Deals for EVERYONE on the Latest Samsung Galaxy S20 5G Smartphones at T-Mobile

    T-Mobile (NASDAQ: TMUS) today announced new deals for anyone looking to score the new Samsung Galaxy S20 5G, Galaxy S20+ 5G or Galaxy S20 Ultra 5G at the Un-carrier and jump aboard the first and only nationwide 5G network. And should the merger with Sprint close, only New T-Mobile can supercharge smartphones in this 5G lineup with mid-band spectrum. Get up to HALF OFF the latest Samsung Galaxy smartphones — the first smartphones in the U.S. that can tap into the full potential of 5G with low, mid and high-band — with an eligible trade-in OR snag a BOGO when adding a line. And both new and existing customers who want a sweet new 5G upgrade – from single line, to families, to businesses – can all score these deals. The Samsung Galaxy S20 5G lineup is available for pre-order online starting tonight at 9:01pm PT and will go on sale in T-Mobile stores on March 6.

  • The Zacks Analyst Blog Highlights: Facebook, Netflix, NextEra Energy, GlaxoSmithKline and T-Mobile US

    The Zacks Analyst Blog Highlights: Facebook, Netflix, NextEra Energy, GlaxoSmithKline and T-Mobile US

    The Zacks Analyst Blog Highlights: Facebook, Netflix, NextEra Energy, GlaxoSmithKline and T-Mobile US

  • Telecom Stock Roundup: CenturyLink Meets, Arista Tops Q4 Earnings Estimates & More

    Telecom Stock Roundup: CenturyLink Meets, Arista Tops Q4 Earnings Estimates & More

    While CenturyLink (CTL) matches fourth-quarter 2019 earnings estimates, Arista (ANET) surpasses the same despite lower revenues year over year.

  • SoftBank Climbs on Plan to Borrow $4.5 Billion Via Telecom Stock

    SoftBank Climbs on Plan to Borrow $4.5 Billion Via Telecom Stock

    (Bloomberg) -- SoftBank Group Corp.’s stock climbed after it unveiled plans to borrow as much as 500 billion yen ($4.5 billion) by putting up shares of its Japanese telecom unit as collateral, raising capital for the investment giant’s operations.The money for the two-year loan, which will have a one-year extension option, will come from 16 financial institutions, SoftBank said in a statement. It pledged as much as 953 million shares of SoftBank Corp. and said the money will be used to fund operations. SoftBank Group’s stock rose as much as 3.6% in Tokyo, while the unit’s was little changed.Activist investor Paul Singer this month revealed his firm had acquired a stake of as much as $3 billion in SoftBank and has advocated for a share buyback of as much as $20 billion, along with governance changes and more transparency about its investments. SoftBank founder Masayoshi Son called Singer’s Elliott Management Corp. an “important partner” and said he is in broad agreement with the investor about SoftBank buybacks and share value.SoftBank will need to raise cash to meet those demands. Son is adopting a more conciliatory stance just as he’s struggling with the $100 billion Vision Fund, which made him the biggest investor in technology. The fund lost money in the three months ended in December, one quarter after the meltdown at WeWork triggered a record loss for the Japanese company. Son is trying to raise capital for a second fund, but last week said he is no longer targeting $108 billion and SoftBank may finance the effort on its own.“We sense that the stars are now aligned for the firm to conduct a buyback,” Citigroup Global Markets analyst Mitsunobu Tsuruo wrote. SoftBank “will be in a position to flexibly implement a buyback amounting to” about 5% of its market capitalization.Read more: SoftBank’s Son Considers a ‘Bridge’ Fund Before Vision Fund 2The past 12 months have been tumultuous for Son and SoftBank. A year ago, the company unveiled a record buyback, sparking a rally that pushed shares to the highest since its dot-com peak in 2000. Uber Technologies Inc.’s disappointing public debut and the implosion of WeWork wiped out the gains over the next few months. But SoftBank surged again this month after Singer disclosed his stake and Son won approval to sell his Sprint Corp. to T-Mobile US Inc.SoftBank has 13.75 trillion yen of interest-bearing debt, with more than 2.6 trillion yen of bonds coming due in the next three years. The company also had 3.8 trillion yen of cash and equivalents as of the end of December.To contact the reporter on this story: Pavel Alpeyev in Tokyo at palpeyev@bloomberg.netTo contact the editors responsible for this story: Peter Elstrom at, Edwin Chan, Colum MurphyFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Dish reveals new details on its plan to beat out 5G incumbents
    American City Business Journals

    Dish reveals new details on its plan to beat out 5G incumbents

    On the heels of a judge's approval of the Sprint/ T-Mobile merger, Dish shared additional details on its 5G plan during its fourth-quarter earnings call.

  • Sprint Stock Gets Another Big Boost as Merger Mania Sets In

    Sprint Stock Gets Another Big Boost as Merger Mania Sets In

    It has been just over a week since the merger between Sprint (NYSE:S) and T-Mobile (NASDAQ:TMUS) passed one of its last legal hurdles. The third and fourth-largest mobile carriers in the U.S. are set to combine, after a federal judge ruled against 14 state attorneys general who had sued to stop the deal.Source: Michael Candelori / When the ruling was announced on Feb. 11, Sprint stock skyrocketed, gaining 77.5% on the day. It has continued to climb since, closing at $9.17 on Tuesday to notch another 5.5% gain. The merger is expected to close on April 1, however it is still not a done deal. There is one remaining legal obstacle: the California Public Utilities Commission. In addition, T-Mobile is pushing for more favorable terms.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Big Legal Win Means Big Boost for Sprint SharesThe original deal between T-Mobile and Sprint expired on Nov. 1, 2019. At that time, the merger between the mobile carriers was in limbo. Fourteen state attorneys general -- led by New York -- had sued to prevent the merger, claiming the deal would end up harming consumers. While the court case dragged on, it was reported that T-Mobile was in talks with Sprint to renew terms of the deal.The federal court's Feb. 11 ruling in favor of Sprint and T-Mobile caught many by surprise. And it lit a match under Sprint's stock price which rose from $4.80 the day before to $8.52, for a 77.5% one-day gain. * 7 'Strong Buy' Stocks With Over 50% Upside Potential However, Sprint's pricing does not reflect its performance. Bloomberg reports that the mobile carrier's churn rate has increased to nearly 2%, with roughly one quarter of its subscribers quitting every year. That gives T-Mobile leverage to push for better terms in a new deal, despite the big jump in Sprint's valuation. California Public Utilities CommissionBesides the need to come to terms on a new deal, the merger still has to get past the California Public Utilities Commission. According to the New York Times, the commission has the power to block the merger, but is more likely to approve it based on conditions. These might include service guarantees and fee freezes for California residents, as well as protection for workers whose jobs could be at risk.Either way, the California Public Utilities Commission should issue a conditional ruling within several weeks. Bottom Line for Sprint StockAt its current price near $9.50, much of the potential gain may already be priced into Sprint stock. After Sprint's performance on Feb. 11, Barron's calculated the stock's value under the existing deal at approximately $9.75 per share. However, because of the lawsuit filed by the state attorneys general, the deal's original deadline for completion has passed. That opens the door to renegotiation of terms, and T-Mobile is reportedly pushing to do just that. There is speculation that T-Mobile will leverage Sprint's poor operational performance to squeeze a lower price than had originally been agreed upon.As InvestorPlace's Dana Blankenhorn points out, if you bought Sprint shares before Feb. 11, you are sitting pretty. Assuming this merger gets past the California Public Utilities Commission intact, and the two companies come to terms, you should do very well. But at the current price of Sprint stock, an investment now has a lot less potential upside.Plus, there is still some risk the deal could fall through, which would be catastrophic. That's especially true considering Sprint shares were trading at less than half their current value just two weeks ago.As of this writing, Brad Moon did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 'Strong Buy' Stocks With Over 50% Upside Potential * 5 Emerging Markets ETFs to Consider as 2020 Rebound Plays * 4 Stocks to Buy No Matter Who Wins the 2020 Election The post Sprint Stock Gets Another Big Boost as Merger Mania Sets In appeared first on InvestorPlace.