Sprint-ing Toward T-Mobile Merger

(RTTNews) - U.S. wireless carriers T-Mobile U.S. and Sprint are reportedly in active merger talks.

According to CNBC, citing sources, Japan's SoftBank Group, which owns a majority stake in Sprint, and T-Mobile parent Deutsche Telekom have been conducting talks about a stock-for-stock merger.

CNBC noted that the companies are still weeks away from finalizing a deal and the deal may or may not materialize. T-Mobile and Sprint are currently the third and fourth largest U.S. wireless providers, respectively.

Three years ago, Sprint had ended talks to acquire T-Mobile after antitrust regulators voted against the deal.