Sprint Corp. S -2.71% and T-Mobile TMUS -1.40% US Inc. have agreed on the broad outlines of a merger valuing T-Mobile at around $32 billion, as recent regulatory developments convinced executives at both telecommunications companies that they have an opening to get a deal approved, according to people familiar with the matter.
The terms involve Sprint paying around $40 a share for T-Mobile in an acquisition that could happen early this summer, the people said. The companies are still working toward a formal contract, and the effort could fall through. But if completed, the merger would combine the country's third- and fourth-largest wireless operators, creating a bigger competitor to market leaders Verizon Communications Inc. VZ +0.55% and AT&T Inc. T -0.01% while leaving consumers with fewer choices for service.
Do you agree with the merger?
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