Reports: Sprint, T-Mobile Break Off Merger Talks

Stalemate over ownership scuttles deal

Sprint and T-Mobile have reportedly broken off merger talks, unable to agree upon terms of ownership for the combined wireless giants, according to reports.

Sprint and T-Mobile have been in talks for months concerning a merger that would combine the third and fourth largest wireless companies in the country. According to reports by the Wall Street Journal and the Nikkei Asian Review, Sprint parent Softbank and T-Mobile parent Deutsche Telekom were moving toward a transaction but couldn't agree on ownership terms.

According to the Journal, the two were discussing an all-stock deal that would give Deutsche Telekom control, but over the weekend Softbank’s board of directors balked.

Sprint and T-Mobile could not be reached immediately for comment.

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