T-Mobile and Sprint May Be For Real This Time
T-Mobile (NASDAQ: TMUS) is once again exploring a merger with Sprint (NYSE: S), which would combine the nation's third- and fourth-largest wireless carriers.
Rumors of merger talks have been swirling for months, but things have ratcheted up over the past few days. The possible merger would involve an all-stock deal that would put current T-Mobile CEO John Legere in charge of the combined wireless provider. Sprint is partly owned by Softbank Group, which is headed up by CEO Masayoshi Son, and the parent company is expected to hold onto a minority stake of the new carrier, if the deal closes.
Nothing has been finalized and the company's have yet to agree on the details of a merger, but it's expected that an announcement of the deal could come in the next few weeks. Investors may recall that both companies have sat down at the merger table several times before and have nothing to show for it.
Source: Fool.com
