T-Mobile USA and Sprint are getting further along in merger talks and are “close to agreeing [to] tentative terms on a deal,” Reuters reported today, citing anonymous sources.
A merger would join the third and fourth largest wireless carriers in the US, leaving the country with three major nationwide carriers including Verizon Wireless and ATT.
Sprint owner SoftBank of Japan would “own 40 to 50 percent of the combined company, while T-Mobile majority owner Deutsche Telekom will own a majority stake, two of the sources said,” according to Reuters.

A deal is expected by the end of October if the negotiations don’t fall through, the report said.
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