Earlier this month, a report claimed that T-Mobile and Sprint had restarted their merger talks. Now it sounds like the two companies may already be close to a deal.
T-Mobile and Sprint have made progress in their merger negotiations, say sources speaking to Reuters, the companies are working to complete their deal talks as soon as next week.
T-Mobile parent company Deutsche Telekom and Sprint majority owner SoftBank are weighing a deal that'd dictate how they exercise voting control over the combined T-Mobile-Sprint. This would let DT consolidate the combined company on its books, even if it doesn't have a majority stake in T-Mobile-Sprint.
DT and T-Mobile are also said to be working to finalize the debt finance package that'll be used to fund the deal.
It sounds like T-Mobile, Sprint, and their majority owners are working hard to get a merger done. It's still possible that the talks between these companies will fall apart, though. And even if they do come to an agreement, the deal must earn regulatory approval before it can actually go through. So a T-Mobile-Sprint merger is far from a guaranteed thing right now.