Sprint, T-Mobile merger not likely before September

|About: Sprint Corporation (S)|By:, SA News Editor

Sprint (NYSE:S) and T-Mobile (NYSE:TMUS) are not likely to announce a merger before September, Reuters reports. The two are still preparing a detailed case for a deal to appease U.S. regulators.

Last month it was announced that Sprint would pay around $40 per share for T-Mobile, valuing the latter at nearly $32B.

Besides for formulating their strategy to clear regulatory scrutiny, other details such as break-up fees still have to be hammered out.