T-Mobile is said to move toward Sprint merger at US$24bil


NEW YORK: T-Mobile US Inc and its German owners are advancing toward a long-awaited telecommunications union that would value merger partner Sprint Corp at about US$24bil, according to a source.

Under the terms being discussed, T-Mobile backer Deutsche Telekom AG would receive a 42% stake and 69% voting interest in the combined company, said the source.

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