Press Release
Press Release
04.30.18
In a transaction that will have a transformational effect on the wireless services industry, Pillsbury has advised Sprint Corporation’s lead financial adviser The Raine Group LLC in the telecom giant’s announced merger with T-Mobile US. The $59 billion combination is subject to customary closing conditions, including regulatory approvals. It is expected to close no later than the first half of 2019.
The resources of the newly combined company—which will operate as T-Mobile—are expected to afford U.S. consumers and businesses lower prices, better quality and greater competition in the industry generally. Once closed, Deutsche Telekom will have a 42 percent ownership stake in the business while SoftBank will retain 27 percent.
More information about the transaction can be found in a press release from the companies.
The Pillsbury team representing The Raine Group on this transaction is led by Corporate partner Stephen Amdur and includes counsel Gurpreet Bal and associate Anna He.