Friday in CE: T-Mobile and Sprint are (Again) Close to Merger Agreement
It was only a matter of time, right?
With the Trump Presidency a little more than nine months old now, T-Mobile and Sprint decided the time was right to get back to negotiating a possible merger between the third- and fourth-largest wireless carriers in the country, respectively. This type of announcement has long been expected with Trump—a business-friendly individual—in office.
According to an exclusive report on Reuters this morning, not only are Sprint and T-Mobile back to negotiating, but they’re extremely close to agreeing on tentative terms for the potential merger. According to people familiar with the discussions, Sprint’s controlling investor SoftBank Group Corp will hold 40 to 50 percent of the company, while T-Mobile owner Deutsch Telekom will hold a majority stake in the combined company.