Sprint and T-Mobile have reportedly broken off merger talks, unable to agree upon terms of ownership for the combined wireless giants, according to reports.
Sprint and T-Mobile have been in talks for months concerning a merger that would combine the third and fourth largest wireless companies in the country. According to reports by theWall Street Journaland theNikkei Asian Review, Sprint parent Softbank and T-Mobile parent Deutsche Telekom were moving toward a transaction but couldn't agree on ownership terms.
According to the Journal, the two were discussing an all-stock deal that would give Deutsche Telekom control, but over the weekend Softbank’s board of directors balked.
Sprint and T-Mobile could not be reached immediately for comment.
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