Pedestrians walk past a T-Mobile store in New York, U.S., April 27, 2018. REUTERS/Lucas Jackson
April 27, 2018
(Reuters) – U.S. wireless carriers T-Mobile US Inc <TMUS.O> and Sprint Corp <S.N> are finalizing terms as they seek to sign a merger deal in the next three days, people familiar with the matter said on Friday.
Based on the stock exchange ratio under negotiation, T-Mobile majority-owner Deutsche Telekom <DTEGn.DE> will own a little over 40 percent of the combined company, but will be afforded voting control so it can consolidate the company on its books, the sources said.
There is always a possibility that negotiations between Deutsche Telekom and Japan’s SoftBank Group Corp <9984.T>, the controlling shareholder of Sprint, end unsuccessfully at the last minute, the sources added. The sources asked not to be identified because the negotiations are confidential.
Sprint, T-Mobile, Deutsche Telekom and SoftBank did not immediately respond to requests for comment.
(Reporting by Greg Roumeliotis in New York; Editing by Nick Zieminski)
