Sprint to continue independently without integration with T-Mobile
First written in FY2018-Q3. 5 of 10 entries say "Advanced", first in FY2019-Q2. Latest entry: FY2021-Q2.
No other company in this theme has enough history to compare yet.
- FY2021-Q2AchievedAnnual report
「The all-stock merger transaction between Sprint, formerly our U.S. subsidiary, and T-Mobile US, Inc. was completed on 1 April 2020.」
Regarding the already completed merger with T-Mobile, our second-quarter report also confirmed that Sprint had ceased to be a subsidiary and reflected the status after the partial sale of T-Mobile shares. - FY2021-Q1AchievedAnnual report
「The all-stock merger transaction between Sprint, formerly our U.S. subsidiary, and T-Mobile US, Inc. was completed on 1 April 2020.」
The merger plan, which marked a departure from the former policy of continuing Sprint as a standalone business without integrating it with T-Mobile, was completed, and Sprint ceased to be our subsidiary. - FY2020-Q3AdvancedAnnual report
「On 5 November 2019 (U.S. Eastern Time), the U.S. Federal Communications Commission (FCC) announced its conditional approval of the transaction. This secured all federal regulatory approvals required to close the transaction.」
Federal regulatory approvals for the merger with T-Mobile had been obtained, bringing the transaction into its final stage, with only state PUC approval and satisfaction of the remaining closing conditions outstanding. The attorneys general's motion to dismiss the merger injunction lawsuit was also indicated. - FY2020-Q2AdvancedAnnual report
「On 5 November 2019 (U.S. Eastern Time), the U.S. Federal Communications Commission (FCC) announced its conditional approval of the transaction. This secured all federal regulatory approvals required to close the transaction.」
FCC approval of the Sprint-T-Mobile merger was obtained, completing the federal regulatory approvals together with the DOJ approval. Approval from state PUCs and resolution of the injunction lawsuit brought by the attorneys general remained outstanding. - FY2020-Q1AdvancedAnnual report
「On 26 July 2019 (US Eastern Time), the US Department of Justice (DOJ) announced that it would approve the transaction subject to compliance with the terms of a proposed consent decree submitted by the DOJ, including the sale of Sprint's prepaid wireless business and 800 MHz spectrum.」
Regarding the merger of Sprint and T-Mobile, a statement was obtained that the DOJ had conditionally approved the transaction, and regulatory procedures toward closing progressed. - FY2019-Q3AdvancedAnnual report
「On 17 December of the same year, approval was obtained from the Committee on Foreign Investment in the United States (CFIUS).」
CFIUS approval was obtained for the merger between Sprint and T-Mobile. Reviews by the DOJ, FCC and other agencies continued, marking further progress in the regulatory procedures before completion of the merger. - FY2019-Q2AdvancedAnnual report
「To obtain approval from US regulators for the transaction, Sprint and T-Mobile filed a notification under US antitrust law with the US Department of Justice on 24 May 2018. They also filed an application for merger approval with the Federal Communications Commission on 18 June of the same year, which was accepted on 18 July.」
The merger with T-Mobile advanced through the regulatory process, with a filing to the US Department of Justice and the submission and acceptance of an application for merger approval by the Federal Communications Commission. - FY2019-Q1RestatedAnnual report
「On 29 April 2018, Sprint and T-Mobile reached a definitive agreement on a transaction involving a merger in which all consideration for Sprint and T-Mobile would be paid in shares.」
The merger agreement between Sprint and T-Mobile involving share consideration, and the expectation that the combined company would become an equity-method affiliate after the merger, were reconfirmed. - FY2018ReframedAnnual report
「On 29 April 2018 (US Eastern Time), Sprint and T-Mobile US, Inc. reached a definitive agreement on a transaction involving a merger in which all consideration for Sprint and T-Mobile would be paid in shares.」
The strategy shifted from the previous policy of continuing the business without a merger to signing a merger agreement with T-Mobile for share consideration. Following the merger, the Company was expected to hold approximately 27.4% of the new company, and Sprint was expected no longer to be a subsidiary. - FY2018-Q3First statedAnnual report
「The Company continued to regard Sprint as a strategically important business. After considering various strategic options, it suspended discussions in November 2017 regarding integration with US wireless carrier T-Mobile US, Inc. and decided to continue the business without a merger.」
With regard to Sprint's growth strategy, the Company first explicitly stated a new strategic choice to suspend integration discussions with T-Mobile US and continue the business independently without a merger.