Sprint merger with T-Mobile about to unravel, two unconfirmed reports say

Conflicting reports Monday left employees, customers and others scratching their head about whether Sprint and T-Mobile still want to merge.

Two unconfirmed reports Monday said Sprint’s long awaited merger with rival T-Mobile is about to unravel, but a third said otherwise.

Hanging on the outcome is the future of 6,000 Sprint headquarters jobs in Overland Park, Kansas, the business the company does with local vendors and suppliers and the contributions to charity and community those employees and corporate coffers provide.

Nikkei Asian Review reported that SoftBank Group Corp., the Tokyo-based company that owns more than 80 percent of Sprint, plans to end talks with T-Mobile’s largest owner, Deutsche Telekom, as early as Tuesday. The report did not cite any sources.

The Wall Street Journal also posted a report saying SoftBank is “abandoning its efforts to merge” with T-Mobile, citing “people familiar with the matter.”

A third report contradicted the others. CNBC cited unidentified sources to say SoftBank is “not planning to withdraw from the deal.” CNBC’s report did say the deal is running into “governance and pricing issues.”

None of the companies have acknowledged merger talks, though they have spoken publicly about the many benefits of combining the nation’s No. 3 and No. 4 wireless companies.

Read more: Kansas City Star, Kansas City Business Journal, Bloomberg


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