T-Mobile, Sprint close to agreeing deal terms: Sources

T-Mobile, Sprint close to agreeing deal terms: Sources

7 years ago
Anonymous $wKBR2uNMvM

https://www.cnbc.com/2017/09/22/t-mobile-sprint-close-to-agreeing-deal-terms-sources.html

T-Mobile US is close to agreeing tentative terms on a deal to merge with peer Sprint, people familiar with the matter said, a major breakthrough in efforts to merge the third and fourth largest U.S. wireless carriers.

Japan's SoftBank, which controls Sprint, will own between 40 and 50 percent of the combined company, two of the sources said on Friday. T-Mobile owner Deutsche Telekom would own a majority stake in the merged company, the sources added.