T-Mobile head John Legere is said to run the combined Sprint and T-Mobile wireless carrier.
US wireless carriers Sprint and T-Mobile could announce a merger as soon as Sunday, April 29, according to Reuters and CNBC. The merger of the nation’s third and fourth largest carriers could value Sprint at around $26 billion and see more than 127 million customers.
T-Mobile majority-owner Deutsche Telekom will own roughly 40 percent of the combined company, Reuters said. It will have voting control with Sprint majority-owner SoftBank.
T-Mobile CEO John Legere is said to run the combined wireless carrier, hoping to take on Verizon and AT&T in the next wave of the mobile war — 5G.
The deal is not final, and could still fall apart. We have seen Sprint and T-Mobile close to a merger in the past.
CNBC reports:
It’s not clear how US regulators would view the combined deal.
