Bloomberg is reporting that T-Mobile and Sprint are currently in the final stages of merger talks and an announcement could be made when both wireless carriers announce their quarterly earnings at the end of October.
The report indicates that both companies are going through the process of due diligence, weighing the options when it comes to exchange ratio which will aim to determine Sprint’s valuation. This is essentially one of the last steps that they need to go through before the final merger is announced. Of course, this is an intent for a merger, because there will still be regulations both companies will need to pass before the move is finalized and approved.
This is certainly not the first time that it’s been speculated that T-Mobile and Sprint would bring their forces together, but this time around it may actually happen.
What do you think of the possibility of T-Mobile and Sprint merging?