Following a recent report out of Reuters that claimed talks were back on, CNBC is saying Sprint and T-Mobile are finalizing a deal that will see the two carriers merge. This conversation between the companies has been stricken up multiple times, most recently late last year when both parties claimed talks were off. Now, it looks like a deal could be reached as early as this week or even tomorrow.
The reason the deal could go through now and not before seems to be thanks to SoftBank CEO Masayoshi Son. According to CNBC, several factors play in the role that led Son to change his mind. Things like corporate tax cuts, 5G development understanding, and the wireless landscape changing as significantly as it has which now includes cable providers have all ultimately caused Son to have a change of heart and proceed with negotiations.
While we don’t have much technical information into how the deal will be composed, CNBC does say the merger is worth $26 billion. It’s also worth noting the outlet’s source says talks could still fall apart so we don’t know for certain the deal will be finalized. If it is, it’ll obviously have to go through a ton of regulation which could see the deal fall through yet again due to it creating a less-competitive space. AT&T tried buying T-Mobile back in 2011 and met this fate.
Until we hear something official from either party, things remain unclear whether the deal is actually happening. Considering rumors say the merger could arrive this week, we’ll likely have more information to share in the very near future. Stay tuned.