That’s according to reports this week that cited anonymous sources.
For example, Reuters quoted insiders who said Sprint and T-Mobile are continuing their due diligence and making a detailed case to take before federal regulators, particularly as the Comcast-Time Warner Cable and AT&T-DirecTV mega-deals makes their own strides and face their own hurdles. Those pending, multibillion dollar transactions all represent consolidation and, in the wireless space in particular, reduce the number of big operators from four to three.
Word of a Sprint purchase of T-Mobile has circulated since June. The acquisition is said to be worth $32 billion and cover terms including break-up fees. But the two companies have yet to make an official announcement. Reuters said that’s because Sprint and T-Mobile “are keen to bulletproof their arguments for a merger that is sure to face heavy regulatory scrutiny."
Reuters couldn’t reach representatives for Deutsche Telekom, which owns T-Mobile, while spokespeople for Sprint, T-Mobile and SoftBank, Sprint’s majority owner, declined to comment to the news service.