Merger Talks are back on between rival wireless carriers Sprint and T-Mobile, according to a report from CNBC.
The two companies previously held merger talks in 2014, that time with Sprint angling to become the majority owner of the two carriers, but the deal fell through over regulatory concerns.
Merger talks were reportedly back on earlier this year, with T-Mobile CEO John Legere commenting that a Sprint merger could be a "a potential future outcome" thanks to the softened regulatory environment under President Trump and the new head of the Federal Communications Commission.
The deal would have to be approved by the Department of Justice, which would no doubt include a lengthy review process and a highly probable risk of rejection.
If such a deal did go through, it would create a powerful wireless company capable of taking on Verizon and AT&T.
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- Sprint and T-Mobile Are Hashing Out Terms to Bring Deal CloserBloomberg
- T-Mobile US explores takeover of Sprint: sourceReuters
- Telecom stocks rally in quiet European markets on M&A talkReuters
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