Earlier this month, reports suggested Sprint and T-Mobile had once again
resumed merger talks, and now it appears the two U.S. carriers may be close to inking a deal.
According to
Reuters, Sprint and T-Mobile have "made progress" negotiating merger terms and are aiming to complete deal talks as soon as next week.
T-Mobile parent company Deutsche Telekom and Sprint parent company SoftBank are said to be discussing an agreement that would "dictate how they exercise voting control over the combined company."Previous merger talks between Sprint and T-Mobile failed after the two companies were unable to reach "mutually agreeable terms." Sprint parent company SoftBank was said to be unsatisfied with the deal because of ownership terms, with SoftBank concerned about losing control of the combined company after Deutsche Telekom requested a controlling stake.
If T-Mobile and Sprint are able to establish a satisfactory deal, the combined company would have more than 100 million customers.
Sources that spoke to
Reuters said there is "no certainty" a deal will be reached, given the dissolution of the previous merger talks.
Article Link:
Sprint and T-Mobile Aiming to Reach Merger Deal Next Week