T-Mobile in talks with Sprint on merger, does not rule out lower price

WASHINGTON: T-Mobile US Chief Executive John Legere on Thursday acknowledged talks are ongoing with Sprint Corp to extend their merger agreement, but he declined to rule out requesting the US$26 billion price be reduced.

"It's not a hostile conversation. It's an active one," he said, while giving no sense of when agreement might be reached. Sprint said it was not backing away."We continue to be committed to completing the merger with T-Mobile," Sprint spokeswoman Lisa Belot said in an email.Legere said a new merger agreement's terms could entail "'How do you handle things that have happened that need to possibly to be indemnified, how do you agree on future things that you will share in order to settle the deal, etc.' It’s a broad array of things.

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