Sprint, T-Mobile Rumored to Be Close to Setting Deal

T-Mobile and Sprint are reportedly close to agreeing to terms of a deal, reported Reuters. The most likely scenario is that T-Mobile parent Deutsche Telekom will own a majority of the equity and Sprint parent SoftBank 40 percent to 50 percent, New Street Research wrote investors. Wireless industry lawyers said Friday they remain skeptical until something is announced since bankers can hype these deals while discussions are ongoing. Free Press raised an alarm in a Friday news release. “No one but [President] Donald Trump’s pals on Wall Street wants to see this competition-killing, investment-killing and job-killing merger,” Free Press said. NAB said in a meeting with FCC Commissioner Brendan Carr the agency should look closely at “how T-Mobile’s possible merger with Sprint may impact how the Commission approaches repacking” after the incentive auction (see 1709220035). Sprint closed up 6.1 percent to $8.52. The companies didn't comment.