News has pretty much died down about the merger between Sprint/T-Mobile the past few months and now we have some news. According to Rueters the deal is still trying to be made and the target time is around August and Rueters also reports that sprint has secured 40B in a Finacial deal with JP Morgan-Chase, Goldman Sachs, Deutche Bank, Bank Of America, Merrill Lynch, and Citigroup. 20B is a loan to SoftBank(Sprints owner) and another 20B for debt refinancing for T-Mobile. 

The money is there and the deal is on the table but we all know what happen last time two carriers tried to merge (AT&T/T-Mobile) the FCC said no, so expect the same results..............

So we all thought this day would never come but unfortunately it has come as the interwebz are upset. USA's 3rd and 4th largest carriers have worked out a deal(was reported as 50B and now is worth 32B) to merge into one bad mega corp. Fresh off of SoftBanks acquisition Sprint cooked up a plan to merg with T-Mobile to compete against the big dogs AT&T and Verizon. The question now is are the going to be CDMA or gsm? and will they operate as two seperate companies under the SoftBank umbrella? Whatever happens let's hope this deal brings better service for all those involved