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T-Mobile, Sprint near agreement on new merger terms: WSJ

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T- Mobile US and Sprint Corp are nearing an agreement on new merger terms and the final deal could be announced as soon as Thursday, the Wall Street Journal reported citing people familiar with the matter.

FILE PHOTO: Smartphones with the logos of T-Mobile and Sprint are seen in this illustration taken September 19, 2017. REUTERS/Dado Ruvic/Illustration

21 Feb 2020 05:41AM

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REUTERS: T- Mobile US and Sprint Corp are nearing an agreement on new merger terms and the final deal could be announced as soon as Thursday, the Wall Street Journal reported citing people familiar with the matter.

Deutsche Telekom AG , T-Mobile's parent, will own 43per cent of the combined company, up from just below 42per cent earlier, the report added. (https://on.wsj.com/2SO4bln)

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T- Mobile US did not immediately respond to a Reuters request for comment, while Sprint declined to comment.

Last week, a federal judge approved the merger deal, rejecting a claim by a group of states that said the proposed transaction would violate antitrust laws and raise prices.

New York on Sunday dropped its fight against the merger of the U.Read More – Source