Smartphones with the logos of T-Mobile and Sprint are seen in this illustration taken September 19, 2017. REUTERS/Dado Ruvic/Illustration
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While it is common for companies not to unveil divestitures during merger announcements, T-Mobile's and Sprint's approach shows that the companies plan to enter what could be challenging negotiations with U.S. antitrust and telecommunications regulators without having made prior concessions.T-Mobile and Sprint are preparing a negotiating strategy to tackle demands from regulators regarding asset sales, including the divestment of some of their spectrum licenses after their deal is announced, the sources said.T-Mobile and Sprint declined to comment.A combination of T-mobile and Sprint would create a business with more than 130 million U.S. subscribers, just behind Verizon Communications Inc and AT&T Inc.Sprint shareholders are expected to receive little to no premium in the deal, meaning that Japan's SoftBank Group Corp, which controls Sprint, and other Sprint shareholders will own around or more than 40 percent of the combined company.It is still possible that the negotiations between T-Mobile and Sprint will conclude without a deal, the sources have cautioned.
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