Wireless Industry News

Sprint parent SoftBank has engaged in direct talks with T-Mobile US parent Deutsche Telekom to try to iron out a deal between Sprint and T-Mobile, according to a Bloomberg report.

The report, which cited unnamed sources familiar with the matter, is the latest in a series of reports that indicate talks are heating up on a deal to combine the No. 3 and 4 U.S. operators. Last week the Wall Street Journal, which also cited unidentified sources close to the matter, reported that at least two banks have provided Sprint with proposals for financing a takeover of T-Mobile.

Sprint and T-Mobile declined to comment, according to the report. Read the full article