Sprint, T-Mobile Restart Deal Talks, Once Again
April 10 2018 - 1:07PM
Dow Jones News
By Drew FitzGerald and Dana Mattioli
Sprint Corp. and T-Mobile US Inc. have rekindled merger talks,
people familiar with the matter said, as the wireless rivals
explore a combination for the third time in four years.
The latest discussions come just five months after a previous
courtship collapsed largely over who would control the combined
firm. The talks also come in the midst of an antitrust fight
between the U.S. government and AT&T Inc.
It is unclear what terms the two sides are considering, and it
is possible, as before, that they could fail to reach an agreement.
The latest discussions are at a preliminary stage, the people
said.
The talks are complicated by the ownership of the two firms.
Japanese telecom giant SoftBank Group Corp. owns nearly 85% of
Sprint. Germany's Deutsche Telekom AG controls T-Mobile, which is
the larger company both in terms of subscribers and market
value.
Joe Flint contributed to this article
Write to Drew FitzGerald at andrew.fitzgerald@wsj.com, Dana
Mattioli at dana.mattioli@wsj.com and Dana Cimilluca at
dana.cimilluca@wsj.com
(END) Dow Jones Newswires
April 10, 2018 12:52 ET (16:52 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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