T-Mobile and Sprint are said to be "close to agreeing" to terms regarding a deal that would merge the third and fourth largest United States wireless carriers together. People close to the deal told Reuters that Sprint parent company SoftBank would own 40 to 50 percent of the combined company, while T-Mobile parent company Deutsche Telekom will gain the majority stake.

The terms of the deal are expected to be finalized by the end of October, "though talks may still fall through," the two sources said. Previously, U.S. antitrust officials told Sprint that a merger with another wireless carrier would face intense scrutiny because having four major carriers in the U.S. was important to maintaining a competitive market. During those talks a few years ago the situation of the companies was reversed -- since T-Mobile had yet to gain in popularity -- with Sprint seeking to acquire T-Mobile for more than $20 billion.

sprinttmobile
Now, those concerns are said to come into play again with regulatory scrutiny expected to face any deal between Sprint and T-Mobile "over concerns that the U.S. wireless market is becoming too concentrated."

T-Mobile US Inc is close to agreeing tentative terms on a deal to merge with peer Sprint Corp, people familiar with the matter said, a major breakthrough in efforts to merge the third and fourth largest U.S. wireless carriers.

Once terms are finalized, due diligence by the two companies will follow and a deal is expected by the end of October, though talks may still fall through, the sources said.

If the merger happens, the resulting company would have revenues topping $70 billion and more than 130 million subscribers, falling in line behind the two other major U.S. carriers -- Verizon and AT&T -- in terms of subscribers.

The combined company would be led by T-Mobile CEO John Legere, according to the sources, thanks to T-Mobile outperforming Sprint under his leadership. The new company would also undertake a "massive" effort to cut costs early on.

Top Rated Comments

penajmz Avatar
45 months ago
Are they going to form a super, mega horrible network?
Score: 14 Votes (Like | Disagree)
_Refurbished_ Avatar
45 months ago
Are they going to form a super, mega horrible network?
Currently driving from NY to Georgia as I type this. I haven’t lost LTE once on my T-Mobile iPhone 7.
Score: 8 Votes (Like | Disagree)
Swuycheck Avatar
45 months ago
I’m torn... as a tmobile customer, I want the sprint towers/spectrum coverted to tmobile, but it is nice having 4 players vs 3 players that all look the same... time will tell if this even gets gov approval.
Score: 5 Votes (Like | Disagree)
macduke Avatar
45 months ago
I'm really conflicted about this one. On the one hand, I think more competition in the marketplace is better. On the other hand, it's quite likely that Sprint will go under in a few years. If the latter is the case, I'd rather T-Mobile scoop them up now than having their towers and infrastructure auctioned off to the big two. T-Mobile has been really instrumental in keeping the big two in check, but I can't help but think they'll become more like the big two if they suddenly are in the big two. As it so often happens, the top dog gets really greedy. Either way, the regulatory climate in the U.S. right now is probably a lot more favorable towards approving mergers like this than they were a few years ago, so anything could happen.
Score: 4 Votes (Like | Disagree)
OldSchoolMacGuy Avatar
45 months ago
Will John Legere still wear magenta t-shirts after the merger??
He only does that stuff as an act. He said so in a recent Fast Company article. He's really a suit-wearing business man just like the rest.
[doublepost=1506088533][/doublepost]
I’m cool with this as long as it’s T-mobile branded, Legere led, and keeps the Uncarrier mentality. Sprint is dying anyway.

I’d be tempted to sign up for one of those Sprint promotions where they are giving away service if it was known that they’d be getting access to T-Mobile spectrum soon. But reality is that it will probably take a long time to merge networks.
AHahahahahahahahaahahahah! Those things are never going to happen. Legere has said he's looking to make the transition back to his more traditional roots of business. T-Mobile isn't profitable enough at this point.

They're currently bleeding money with promotions in order to gain customers but are making far less per customer than other providers. That can't continue forever. They'll be raising their prices once they get a good customer base.
Score: 4 Votes (Like | Disagree)
nutmac Avatar
45 months ago
Currently driving from NY to Georgia as I type this. I haven’t lost LTE once on my T-Mobile iPhone 7.
Score: 3 Votes (Like | Disagree)

Top Stories

apple transfer google photos 1

Apple Launches Service for Transferring iCloud Photos and Videos to Google Photos

Wednesday March 3, 2021 12:04 pm PST by
Apple this week introduced a new service that's designed to make it quick and easy for iCloud users to transfer their stored photos and videos to Google Photos. As outlined in an Apple support document, you can go to Apple's privacy website and sign in to see the "Transfer a copy of your data" option. If you select this and go through all the steps, Apple will transfer your iCloud photos and ...
PIA23764 RoverNamePlateonMars web

NASA Mars Perseverance Rover Uses Same PowerPC Chipset Found in 1998 G3 iMac

Tuesday March 2, 2021 3:21 am PST by
NASA's Perseverance rover, which recently made history landing on the surface of Mars, is powered by the same processor used in an iMac more than 23 years old. Image Credit: NASA As reported by NewScientist (via Gizmodo), the rover includes the PowerPC 750 processor, the same chip used in the G3 iMac in 1998. The main chipset is the same; however, there are differences between the...
rosetta 2

Rosetta May Be Removed From M1 Macs in Some Regions on macOS 11.3

Tuesday March 2, 2021 5:20 pm PST by
Installing the upcoming macOS 11.3 software update on an M1 Mac may result in Rosetta 2 being removed in one or more regions around the world. In the third beta of macOS 11.3 seeded to developers for testing today, MacRumors contributor Steve Moser uncovered new strings in the beta's code indicating that "Rosetta will be removed upon installing this update." Another new string reads "Rosetta ...
iphone 6 in hand

Apple Faces Another iPhone Lawsuit Over 'Programmed Obsolescence'

Monday March 1, 2021 6:44 am PST by
Apple faces a new class-action lawsuit that accuses it of deliberately releasing iOS updates that slowly reduce the performance of an iPhone, forcing customers to upgrade their devices. The lawsuit comes from the Portuguese Consumer Protection Agency, Deco Proteste (via Marketeer), which in a statement says that it will proceed with a case against the Cupertino tech giant because it...
magsafe charging brick feature

Prosser: iPhone 12 MagSafe Battery Pack to Feature Reverse Charging

Monday March 1, 2021 1:18 pm PST by
Apple is working on MagSafe-compatible battery packs that will be compatible with the iPhone 12 models, and leaker Jon Prosser today said on the Genius Bar podcast that one version of the battery pack will feature "reverse charging." According to Prosser, Apple is working on two versions of the battery packs, one that's a standard version and one that's a premium version with reverse...
Screen Shot 2021 03 03 at 11

MagSafe Charging Port for iPhone Appears in Apple Patent

Wednesday March 3, 2021 1:30 am PST by
In a newly granted patent, Apple envisions a type of connectivity port using an iteration of its magnetic MagSafe charger to charge an iPhone, potentially paving the way for a future without Lightning. Submitted to the United States Patent and Trademark Office on Tuesday (via Patently Apple), the patent outlines a three-pinned MagSafe charger, similar to the ones found in older MacBook...
Apple Prefer Lightning Over USB C Feature

iPhone Sticking With Lightning Port Over USB-C for 'Foreseeable Future'

Tuesday March 2, 2021 9:32 am PST by
Apple will retain the Lightning connector on the iPhone for the "foreseeable future," with no intention of switching to USB-C, according to reliable analyst Ming-Chi Kuo. In spite of much of the industry moving toward USB-C, Apple will not be using it to replace the Lightning connector on the iPhone 13, or indeed on any iPhone model for the time being. In a note seen by MacRumors yesterday,...
iPad mini pro feature

Sketchy Rumor Claims 'iPad Mini Pro' Launching in Second Half of 2021

Wednesday March 3, 2021 3:04 am PST by
Apple is expected to launch a sixth-generation iPad mini in the first half of 2021, possibly as soon as this March, based on long-standing rumors. However, a new rumor out of Asia that has gained traction in the last 24 hours suggests an "iPad mini Pro" will arrive in the second half of this year. According to a post on Korean blog Naver, whose rumor track record is unknown, the device...
apple pencil 3 leak

New Apple Pencil Allegedly Leaks With Glossy Finish and Redesigned Tip

Wednesday March 3, 2021 6:17 am PST by
Images supposedly depicting a third-generation Apple Pencil have been shared on Twitter by the leaker known as "Mr. White." The purported new Apple Pencil appears to share a very similar design to the current, second-generation Apple Pencil, which is shorter than the previous version and charges inductively on the side of an iPad. The updated Apple Pencil appears to have a glossy...
apple watch ecg wrist

Apple Watch ECG Feature Gets Approved in Australia

Wednesday March 3, 2021 2:07 am PST by
The Australian government has approved ECG functionality on the Apple Watch, giving Apple the all-clear to launch the feature for Apple Watch users in the country, according to a regulatory document first spotted by The 8-Bit. Earlier last month, the Apple Watch's irregular heart rhythm notification received approval in Australia, although ECG did not. Irregular heart rhythm is a feature...