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It looks like T-Mobile and Sprint are inching closer to finalizing terms in multibillion-dollar merge

Saturday - 28/04/2018 08:19
US wireless carriers T-Mobile and Sprint are finalizing terms as they seek to sign a merger by Monday that could value Sprint at around $26 billion.
The combined company, with more than 127 million customers, would have added clout to challenge industry leaders Verizon and AT&T.
Among other things, the telecom giants are in a race to expand offerings in next-generation 5G wireless technology.
Greg Roumeliotis, Reuters
Greg Roumeliotis, Reuters

(Reuters) - U.S. wireless carriers T-Mobile and Sprint are finalizing terms as they seek to sign a merger by Monday that could value Sprint at around $26 billion, people familiar with the matter said on Friday. 

The combined company, with more than 127 million customers, would have added clout to challenge industry leaders Verizon and AT&T in the race to expand offerings in next-generation 5G wireless technology. 

T-Mobile majority-owner Deutsche Telekom will own a little over 40 percent of the combined company, but will have voting control so it can consolidate the company on its books, the sources said. The sources requested anonymity to discuss the confidential negotiations. 


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 Key: T-Mobile, Sprint

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