View source version on businesswire.com: www.businesswire.com/news/home/20200220005964/en/ 1.8 Security Interest. Without limiting in any way the effect of section 1.3 above, SoftBank T-Mobile grants a guarantee over all its rights and interests with respect to the actions mortgaged under this Correspondence Agreement as security for the immediate and complete payment and performance of the obligations referred to in point 9.4, whether such obligations are due to T-Mobile or any other indemnification provider in section 9.4; provided that the interest in the guarantee arising from this contract is automatically extinguished with the execution and provision of the deposit agreement by SoftBank and/or its respective associated companies, if any. 1.5 Term and Termination. SoftBank Group Corp. (“SBG”) announced that, on February 20, 2020 (ET) in connection with the impending merger of Sprint Corporation (SBG`s U.S. subsidiary); “Sprint”) and T-Mobile US, Inc. (“T-Mobile”) in an all-stock transaction, as announced in “SPRINT AND T-MOBILE TO COMBINE, ACCELERATING 5G INNOVATION & INCREASING COMPETITION” dated April 30, 2018 (the “Transaction”), Sprint, T-Mobile, SBG, Deutsche Telekom AG (“Deutsche Telekom”) and the other parties to the Final Agreement (the “Business Combination Agreement”, previously amended by an amendment dated July 26), 2019 (ET)) have entered into agreements amending the Business Combination Agreement and have set out certain additional terms regarding the Transaction, as agreed between SBG, T-Mobile and Deutsche Telekom (together the “Change”) as described below. The change does not affect the above-mentioned outlook for combined business synergies (“New T-Mobile”), long-term profitability and cash generation. “With today`s agreement, we are focused on our goal of completing this transaction and creating the new T-Mobile as of April 1, 2020,” said Mike Sievert, COO and President of T-Mobile, and appointed CEO of the company effective May 1, 2020.
“We`re about to do what we set out to do from day one – transform a broken wireless industry and create the new standard for consumers in value, speed, quality and service…Share
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