T-Mobile, Sprint Close To Agreeing Deal Terms (reuters.com)

Posted by msmash on Friday September 22, 2017 @02:40AM from the up-next dept.

From a report: T-Mobile US is close to agreeing tentative terms on a deal to merge with peer Sprint Corp, people familiar with the matter said on Friday, a major breakthrough in efforts to merge the third and fourth largest U.S. wireless carriers. The development follows more than four months of on-and-off talks this year between T-Mobile and Sprint, and comes as the U.S. telecommunications sector seeks ways to tackle investments in 5G technology that will greatly enhance wireless data transfer speeds.

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Re:If Sprint takes over ownership future is bleak by Anubis+IV · 2017-09-22 03:37 · Score: 5, Informative

The reporting I read earlier today suggested that the positions have been swapped at the table, so T-Mobile's owner (Deutsche Telekom) would be the majority shareholder in a 60-40 merger with Sprint (owned by SoftBank). Likewise, the current T-Mobile CEO who has been leading a successful comeback for the carrier would be the CEO of the merged company.