Trending: Thousands of Amazon employees to party with singer Lorde at CenturyLink Field in Seattle

The will-they-won’t-they status of a long-rumored T-Mobile-Sprint merger continues, as the two companies are reportedly continuing negotiations following reports earlier this week that talks had broken down.

The Wall Street Journal reports that T-Mobile and its parent company Deutsche Telekom have tweaked their offer, though the exact terms remain unclear. T-Mobile CEO John Legere reportedly spoke with his oft-rival, Sprint CEO Marcelo Claure, this week to make clear T-Mobile’s commitment to keep negotiations alive.

Earlier this week, the deal reportedly hit a stumbling block because of a disagreement over ownership of a combined T-Mobile-Sprint entity. Reports indicated that Deutsche Telekom wanted a controlling stake in the combined company, and Sprint parent company SoftBank balked.

T-Mobile and Sprint have been talking about a merger for several years. SoftBank nearly acquired T-Mobile in 2014 but the deal fell through after U.S. officials expressed concerns.

Any acquisition talks in the wireless industry were put on hold for the better part of a year as the Federal Communications Commission held a spectrum auction. That process ended in April and T-Mobile spent close to $8 billion to buy up huge chunks of low-band spectrum meant to shore up signal strength within buildings and in rural areas.

About a month later, talks between T-Mobile and Sprint parent companies started up again, and it looked like the two sides were close to a deal earlier this year. Since the initial round of talks, T-Mobile has surged under Legere, passing Sprint to become the third largest wireless carrier in 2015. As a result, the basic structure of the merger flipped, with T-Mobile and Deutsche Telekom as the buyers this time around.

Like what you're reading? Subscribe to GeekWire's free newsletters to catch every headline

Comments

Job Listings on GeekWork

Find more jobs on GeekWork. Employers, post a job here.