T-Mobile and Sprint work to save merger talks: WSJ

FRANKFURT: T-Mobile US and Sprint are working to salvage their $74 billion merger and could reach a deal within weeks, the Wall Street Journal reported, citing people familiar with the matter. Parent companies Deutsche Telekom and SoftBank reached an impasse last week in their talks as SoftBank directors expressed doubts over giving up control of Sprint, sources said. However, the Wall Street Journal said that T-Mobile US has made a revised offer, which Sprint is considering. Terms of the offer were not disclosed. A Deutsche Telekom representative was not immediately available to comment. Under the previous deal structure, Deutsche Telekom would have controlled the new company, which would have merged the third and fourth-biggest US mobile carriers. — Reuters