Alex Webb, Columnist

Germans Send a $26.5 Billion Thank You Card to Masayoshi Son

T-Mobile is a far stronger prospect than it was in 2014.

April 30, 2018 at 9:45 AM UTC

Alex Webb is a correspondent for Bloomberg Quicktake. He previously covered the technology, telecoms and media industries in London, San Francisco and Munich.

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Sometimes it pays to be left waiting at the altar.

Tim Hoettges, Deutsche Telekom AG’s CEO, may be thinking as much today. Almost four years after Softbank’s Sprint Corp. backed out of acquiring T-Mobile U.S. Inc., the German carrier’s American subsidiary turned the tables on Sunday, agreeing to buy Sprint for $26.5 billion in stock.