Mobile, Sprint merger talks reportedly back on

Gladys Abbott
September 20, 2017

It looks like T-Mobile Inc (NASDAQ:TMUS) and Sprint Corp (NYSE: S) are on the brink of a merger or consolidation. What would a merger mean for customers? And much of that talk has centered on some kind of merger between the nation's two smaller major wireless carriers. CEO's of all four companies - T-Mobile, Deutsche Telekom, Sprint and SoftBank - have all been quiet on the matter, and this is because they can not legally speak about it while in merger talks.

The current state of affairs, according to the report, is more heated on Sprint's end of things, with Sprint's parent company Softbank allegedly stating its willingness to part with the wireless carrier if a deal could be made. In this case, a little competition provided benefits to consumers.

This time, given the all-stock nature contemplated, Softbank would emerge as a large minority holder in any combination.

Softbank, which owns a majority share of Sprint, had previously been trying to buy T-Mobile, but now it appears Softbank CEO Masayoshi Son will be OK with the reverse as long as he is given some say in how the new company will be run, sources said.

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So, yeah, the main takeaway is that talks of a merger are happening, but it's still possible that nothing happens.

Naturally, all parties declined to comment when reached for comment by CNBC. Details are still being negotiated, according to unnamed "people close to the situation", and a final agreement is likely weeks away-if it happens at all.

Three years ago, Sprint ended talks to acquire T-Mobile after antitrust regulators voiced opposition.

The two companies previously held merger talks in 2014, that time with Sprint angling to become the majority owner of the two carriers, but the deal fell through over regulatory concerns.

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