Timeline: Sprint’s merger with T-Mobile
Sprint and T-Mobile may be in the midst of finalizing terms of a merger, according to two published reports.
The New York Times said the deal may be announced as early as this weekend.
The sources said negotiations are ongoing between T-Mobile majority owner Deutsche Telekom and SoftBank Group Corp. of Tokyo, which controls Sprint. But the sources warned that talks could end unsuccessfully again — as they had last November.
"While our first reaction is 'we will believe it when we see it,' there were some interesting nuggets in the article which make us believe there is more 'realness' this time," Jennifer Fritzsche, a senior analyst with Wells Fargo Securities, said in a statement.
According to Reuters, the two wireless tech giants "are considering an agreement that would dictate how they exercise voting control over the combined company." The report also said Deutsche Telekom and T-Mobile are "finalizing the debt financing package" that will reportedly be used to fund the deal.
Neither company has commented publicly on the matter.
Marcelo Claure, Sprint's CEO who is also on SoftBank's board of directors, tweeted Thursday night that he arrived back to Kansas City after a few days in Tokyo, though the purpose of his trip was unclear.