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US: Sprint, T-Mobile restart deal talks again

By  |  April 10, 2018

Mobile US Inc is engaged in a new round of talks to acquire Sprint Corp , a person familiar with the matter said on Tuesday, the latest effort to combine the third and fourth largest US wireless carriers.

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    The combined company would have more than 127 million customers and could be in a stronger footing to compete against the No. 1 and No. 2 wireless players, Verizon Communications Inc and AT&T Inc , amid a race to expand offerings in 5G wireless technology.

    It was not immediately clear what prompted the companies to try to clinch a deal for the third time in the last four years. Their previous round of negotiations ended in November over valuation disagreements. Since then, Sprint’s shares have lost more than a fifth of their value amid questions about how the company can compete effectively under the weight of its long-term debt of more than US$32 billion.

    It’s the latest update in an ongoing merger attempt for the companies. The companies ended talks in November, saying they couldn’t reach a deal. The companies were not immediately available to comment on Tuesday’s reports of revived talks.

    Full Content: Wall Street Journal

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