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Sprint and T-Mobile merger may be coming as soon as next week

by Danny Zepeda | April 27, 2018April 27, 2018 7:00 am PST

After months of back and forth, Sprint and T-Mobile’s merger talks began again earlier this month. However, the news was taken with a grain of salt given the unreliable negotiations the two carriers have gone through. It seems our apprehension was undeserved because the two have “made progress” and a deal may come as soon as next week.

According to Reuters, the negotiation between Sprint and T-Mobile has been heating up and the two are aiming to reach a deal some time next week. Sprint is primarily owned by Softbank  (about 84.7-percent) and T-Mobile is primarily owned by Deutsche Telekom (about 63-percent).

The timing for the deadline is for Deutsche Telekom to consolidate the two companies. It reportedly doesn’t matter if it gains a majority stake

Past attempted deals between the two companies have fallen apart because a deal that benefits both parties could not be reached. That wasn’t enough to stop them from trying to make a deal happen. Sources close to the situation did tell Reuters that a deal is considered imminent given how past deals have fallen apart, but the negotiations will still continue in hopes the trend is bucked.

Reuters

Danny Zepeda

Born and raised in Southern California, Danny grew up on a steady diet Pixar, Star Wars and Steven Spielberg movies. Unbeknownst to him, this was...

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