T-Mobile and Sprint Zeroing In on a $32 Billion Merger
By DAVID GELLES and MICHAEL J. DE LA MERCED JUNE 4, 2014
Responding to a wave of consolidation in the telecommunications industry, the nation's third- and fourth-largest wireless phone operators have agreed on the terms of a deal to join forces.
Sprint and T-Mobile have talked about a combination for years but continued to put it off, each preoccupied with other deals, and concerned about scrutiny from antitrust regulators.
But in recent days, the two sides have settled on the terms of a $32 billion deal that is likely to be announced this summer, people briefed on the matter said on Wednesday.