T-Mobile as well as Sprint are aiming to clinch a deal as early as next week: Reuters, citing sources

U.S. wireless carriers T-Mobile US Inc TMUS.O as well as Sprint Corp S.N have made progress in negotiating merger terms as well as are aiming to successfully complete deal talks as early as next week, people familiar with the matter said on Thursday.

T-Mobile majority-owner Deutsche Telekom DTEGn.DE as well as Japan’s SoftBank Group Corp 9984.T, which controls Sprint, are considering an agreement that will could dictate how they exercise voting control over the combined company, one of the sources said.

that will could allow Deutsche Telekom to consolidate the combined company on its books, even if the item does not have a majority stake within the combined company, one of the sources added. Deutsche Telekom owns more than 63 percent of T-mobile, while SoftBank owns 84.7 percent of Sprint.

Deutsche Telekom as well as T-Mobile are also within the process of finalizing the debt financing package they will use to fund the deal, the sources said.

There can be no certainty that will a deal will be reached, the sources cautioned. The companies came close to a merger agreement in November before SoftBank’s chief executive officer, Masayoshi Son, pulled out of the talks at the last minute.

The sources asked not to be identified because the negotiations are confidential. Sprint, T-Mobile, Deutsche Telekom as well as SoftBank did not immediately respond to requests for comment.

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