T-Mobile and Sprint may be merging for worth $26 billion

The deal is far from over though.
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It seems T-Mobile and Sprint are working on a merger deal.

It seems T-Mobile and Sprint are working on a merger deal.

It seems T-Mobile and Sprint are working on a merger deal. According to a report by CNBC, the companies are close to a $26 billion deal, that might be closed by Sunday. Rumours of this merger have been doing the round since 2014, which is when Sprint first tried to buy out T-Mobile. The Wall Street Journal had also reported earlier this month that the companies are negotiating the merger once again.

Further, reports say that Masayoshi Son, the CEO of Softbank, is interested in the deal now. Softbank is the company that owns Sprint. That’s because of a bunch of reasons, including costs of 5G deployment, more competition from cable providers and lower corporate tax rates.

However, it is still unclear whether the merger will go through. If T-Mobile and Sprint merge, it would reduce the amount of competition in the US carrier market and reduce choice for consumers. The same may not go down well with the authorities and it’s possible that regulatory bodies will not allow the deal to go through.

So, what you can be sure of right now is that there’s still a ways to go before the deal is finished.