Germany's Deutsche Telekom AG is willing to keep a minority stake in a deal to sell T-Mobile US Inc to Japan's Softbank Corp , but other details such as price and financing remain to be worked out, according to sources familiar with the situation.Softbank owns a majority of Sprint Corp, the third largest U.S. wireless carrier. Deutsche Telekom owns 67 percent of T-Mobile, which has a market value of $27.6 billion and is the fourth-largest U.S. wireless carrier.Earlier on Thursday, Kyodo news agency reported that Deutsche Telekom had agreed to a Softbank plan to purchase T-Mobile.But sources familiar with the talks told Reuters that while the two sides are keen to get a deal done, a transaction was complicated, including the issue of getting regulatory approval - it would reduce the number of major U.S. mobile competitors to three from four. The sources said no decision was imminent.
Shares of TMUS traded higher by 1.13% or $0.39/share to $34.79. In the past year, the shares have traded as low as $20.30 and as high as $34.51. On average, 4420290 shares of TMUS exchange hands on a given day and today's volume is recorded at 3123487.
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