Sprint and T-Mobile resume “active talks” on merger

Sprint and T-Mobile have been one of the most favored pairs on Wall Street for a merger the past year or so, especially in the wake of the 600MHz spectrum auction. The two have come in and out of contact for discussions since 2013 — when a public attempt first surfaced and then fizzled in the face of regulatory concerns.

CNBC reports from its sources that a deal is still weeks away and negotiations could falter between now and then. Sprint parent company Softbank and T-Mobile USA’s parent Deutsche Telekom are said to be trading purely with stocks — such a deal would likely have the latter as majority shareholder and Softbank as a large minority holder.

Previous chatter mentioned that Softbank CEO Masayoshi Son would be willing to give up control of the merged company, but it is now reported that he does want a say in the merged entity’s course. T-Mobile CEO John Legere would be the expected to continue his leadership in the new company.

Softbank has held off on an acquisition of wireline company Charter. It has faced resistance in having to create a new corporate structure, acquire debt and face potential competition from Altice.

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About The Author
Jules Wang
Jules Wang is News Editor for Pocketnow and one of the hosts of the Pocketnow Weekly Podcast. He came onto the team in 2014 as an intern editing and producing videos and the podcast while he was studying journalism at Emerson College. He graduated the year after and entered into his current position at Pocketnow, full-time.