Sprint and T-Mobile Are Hashing Out Terms to Bring Deal Closer
- Deutsche Telekom would control combined company, person says
- Mobile operators said to discuss stock-for-stock merger
Why a Sprint Deal With T-Mobile Is Likely
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Sprint Corp. and T-Mobile US Inc., in preliminary deal talks since at least August, agreed that Deutsche Telekom AG would have control in a combination of the two companies, said a person with direct knowledge of the matter.
The mobile operators are discussing a stock-for-stock merger, though are still weeks away from an agreement, according to the person, who asked not to be identified because the talks are private. Shares of Sprint and T-Mobile rose. Both companies declined to comment.