The idea of T-Mobile and Sprint merging isn’t new and has been explored in the past, although it did not pan out. However in recent times there have been talks about the merger being explored again and a report from Reuters has revealed that talks have indeed resumed after SoftBank agreed to give up its majority ownership in Sprint.

For those unfamiliar, Japan’s SoftBank several years ago acquired a majority share in Sprint, and the report from Reuters has revealed the the company is willing to give up that majority share in the carrier if T-Mobile were to agree to the merger in an all-stock deal, although SoftBank is still expected to retain a minority stake in the company.

However it seems that this deal might not be closed anytime soon as the report suggests that neither Sprint nor T-Mobile have come to an agreement, settled on a share exchange ratio, or begun their due diligence on each other. It is also said that should this deal go through, T-Mobile’s current CEO John Legere is expected to run the combined companies.

It will be an interesting merger to say the least and could result in an entity that could be big enough to take on the likes of Verizon, however the deal was stopped in its tracks in the past due to overwhelming regulatory hurdles, and we’re not sure what could be so different this time that could change that, but until then take it with a grain of salt.

Filed in Cellphones >Rumors. Read more about Sprint and T-Mobile.

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