Washington (Reuters) – The Chief Executive of T Mobile US, Mr. John Legree agreed that their talks are ongoing with Sprint Corp for extension of their merger agreement. But he also declined that requesting the $26 billion price be reduced can be ruled out.
This deal of T Mobile and Sprint Corp was announced in the spring season of the year 2018. This deal is now regulatory approved by Justice Department and Federal Communication Commission. But this deal also faces a lawsuit from more than a dozen state attorneys general, as they want to stop this deal. The previous agreement of merger of these two companies expired in the last week only.
Mr. John Legree said in a webcast that was to discuss next generation 5G Wireless and other important issues that he can admit of having conversations as partners with Sprint Corp regarding whether and how long they can move forward the date. He also said the topic of discussion was what if any items should be agreed between the parties in exchange for agreeing to extend those terms.
He further clarified that the conversation between the two parties was not hostile but active one. He did not give any information as to when this agreement may be reached.
As per Mr. John Legree’s opinion, the situation was like “going to month to month on your rent. There is no more lease” He expressed that they are continuing to move forward.
Sprint Corp also confirmed that they were not backing away from the agreement. Lisa Belot, the Sprint Corp spokesperson stated in an e mail that they are continuously committed to complete the merger with T Mobile.
John Legree commented that a new merger agreement could entail a broad array of things.