T-Mobile and Sprint ‘Close To Agreeing’ on Merger Terms

While there have been on and off rumors of T-Mobile and Sprint merging in the US, a new Reuters report today claims that both parties are “close to agreeing” to the final terms of the deal. Sprint’s parent company, SoftBank, would own 40 to 50 percent of the merged company, with T-Mobile’s parent company — Deutsche Telecom — retaining the majority stake.

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