Softbank, Deutsche Telekom Close On T-Mobile-Sprint Deal: Nikkei

Softbank, Deutsche Telekom Close On T-Mobile-Sprint Deal: Nikkei

Softbank has hammered out a “broad agreement” with Germany’s Deutsche Telekom ( DTEGY ) to merge their two U.S. wireless businesses, Sprint ( S ) and T-Mobile US ( TMUS ), said a Nikkei report.

The Nikkei report , however, had little new information. Similar to other reports, it said Softbank and Deutsche Telekom are focused on an all-stock deal that would give the German phone company a majority stake and management control over a combined Sprint-T-Mobile.

Analysts have expected a deal to be announced around earnings reports in late October.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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