T-Mobile, Sprint In Home Stretch Of Merger Talks

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The on-again, off-again marriage between Sprint and T-Mobile appears to be a go, with an egagement announcement set for October. Under the plan, T-Mobile parent Deutsche Telekom would hold a majority stake in the new No. 3 carrier and T-Mo's outspoken CEO John Legere would run it, pending regualtory approval.

T-Mobile US Inc is close to agreeing tentative terms on a deal to merge with Sprint Corp , people familiar with the matter said on Friday, a major breakthrough in efforts to merge the third and fourth largest U.S. wireless carriers.

Read the full story at Reuters

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