An anonymous reader quotes a report from Reuters: U.S. wireless carriers T-Mobile and Sprint have made progress in negotiating merger terms and are aiming to successfully complete deal talks as early as next week. The combined company would have more than 127 million customers and could create more formidable competition for the No.1 and No.2 wireless players, Verizon and AT&T, amid a race to expand offerings in 5G, the next generation of wireless technology. T-Mobile majority-owner Deutsche Telekom and Japan’s SoftBank, which controls Sprint, are considering an agreement that would dictate how they exercise voting control over the combined company. This could allow Deutsche Telekom to consolidate the combined company on its books, even without owning a majority stake. Deutsche Telekom owns more than 63 percent of T-Mobile, while SoftBank owns 84.7 percent of Sprint. Deutsche Telekom and T-Mobile are also in the process of finalizing the debt financing package they will use to fund the deal, the sources said. There is no certainty that a deal will be reached, the sources cautioned.

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Source: Slashdot – Sprint, T-Mobile Aiming To Reach Merger Deal Next Week