The implied enterprise value is about $59 billion for Sprint and $146 billion for the combined companies, according to the statement. Under terms of the deal, Deutsche Telekom will end up with a 42 per cent ownership stake while SoftBank will have 27 per cent. The deal marks the third time that SoftBank’s Son has acted on his long-held plan to combine Sprint and T-Mobile. The combination also gives Deutsche Telekom a stronger vehicle to expand in the profitable U.S. market. T-Mobile was advised by PJT Partners and Deutsche Bank, while Goldman Sachs advised the company and its controlling shareholder Deutsche Telekom.

Source: thestar April 30, 2018 18:56 UTC