T-Mobile, Sprint On the Verge of Announcing Merger: Reports

T-Mobile and Sprint are once again weighing a merger between the two businesses and may make an announcement as soon as Sunday, according to multiple reports. Unnamed sources cited by Bloomberg, Reuters, the Wall Street Journal, and the New York Times all suggest the two companies, which have flirted with one another for years, are back at the table hammering out a deal. T-Mobile and Sprint were in merger discussions as recently as last year, but called off the talks when they couldn’t agree which firm would take control of the combined entity. It’s unclear what has changed since then, though the regulatory environment in the U.S. will likely pose less of an obstacle than before. The deal, which would see T-Mobile take control of 40% of Sprint along with voting control, may be valued at about $26 billion and would create the third-largest wireless provider in the country with about 127 million connections. The combined company might be more competitive with industry leaders AT&T and Verizon Wireless than either could be on its own. Neither T-Mobile nor Sprint commented on the matter.

Source: Phone Scoop – Latest News

Leave a Reply

Your email address will not be published. Required fields are marked *