T-Mobile US Inc. is close to agreeing tentative terms on a deal to merge with its peer Sprint Corp., people familiar with the matter said, a major breakthrough in efforts to merge the third- and ...

After completion of the deal, which the companies described as a merger of equals, Sprint's local telecommunications business would be spun off to the combined firm's shareholders. The local ...

They filed a lawsuit on June 11 aimed at stopping the purchase by No. 3 U.S. wireless operator T-Mobile of No. 4 Sprint, saying the deal would cost their subscribers more than $4.5 billion annually.

In this April 27, 2010 file photo, a woman using a cell phone walks past T-Mobile and Sprint stores in New York. T-Mobile and Sprint are trying again to combine in a deal that would reshape the U ...