Japan’s SoftBank, which controls Sprint, will own between 40 and 50 percent of the combined company, two of the sources said on Friday. T-Mobile owner Deutsche Telekom would own a majority stake in the merged company, the sources added.
Both companies and their parents have been in frequent conversations about a stock-for-stock merger in which T-Mobile parent Deutsche Telekom would emerge as the majority owner.
The sources asked not to be identified because the negotiations are confidential.
Sprint declined to comment, while T-Mobile, SoftBank and Deutsche Telelok did not immediately respond to requests for comment.