T-Mobile and Sprint could announce their merger in October

T-Mobile and Sprint’s on-again, off-again merger talks may be nearing a conclusion.

Reuters reports that the two companies are now “close” to reaching “tentative terms” on a merger and could announce a deal by the end of October. The merger would reportedly give T-Mobile’s owner, Deutsche Telekom, a majority stake in the combined company, while Sprint’s owner, SoftBank, would have somewhere between 40 and 50 percent. T-Mobile CEO John Legere would lead the combined company, according to Reuters.                                                                                                    https://www.theverge.com/2017/9/22/16349660/tmobile-sprint-merger-deal-nearing