Deals
Sprint, T-Mobile Deal Announcement Is Likely to Be Delayed
- Sides may not finalize details before reporting earnings
- Carriers are said to have addressed major concerns around deal
Sprint, T-Mobile Likely to Delay Deal Announcement
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Sprint Corp. and T-Mobile US Inc. may delay an announcement of their planned all-stock merger until several weeks after they release their quarterly earnings, people familiar with the matter said.
The companies have been trying to complete a deal in time for their earnings announcement, said the people, who asked not to be identified because the negotiations are private. It now appears unlikely they’ll be able to finalize details by the end of October, when the wireless carriers typically announce earnings, the people said.