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Sprint and T-Mobile could reach merger deal by next week, report says

posted onApril 27, 2018
by l33tdawg

Citing sources familiar with the matter, Reuters reports negotiations between Sprint and T-Mobile have progressed to an advanced stage, and the companies are expecting talks to culminate in a deal as early as next week.

According to the report, the parent companies of each wireless operator are currently considering how best to divvy up voting control over the combined entity, as well as finalizing debt financing packages to fund the deal. Japanese tech giant SoftBank owns a majority share of Sprint, while T-Mobile is controlled by German telecommunications titan Deutsche Telekom.

Depending on the agreement, Deutsche Telekom could consolidate the company on its books without owning a majority stake, sources said.

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