Reports: Sprint, T-Mobile Break Off Merger Talks

Stalemate over ownership scuttles deal
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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 theWall Street Journaland theNikkei 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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