Oct 30 (Reuters) - Japan's SoftBank Group Corp plans to break off negotiations of a merger between subsidiary Sprint Corp and T-Mobile US Inc amid a failure to agree on ownership of the combined company, Nikkei reported. (s.nikkei.com/2z03Bb0)
Sources told Reuters last week that T-Mobile and Sprint were laying the groundwork for special committees of their boards of directors to decide on a merger between the third and fourth largest U.S. wireless carriers.
SoftBank, Sprint and T-Mobile did not immediately respond to requests for comment. (Reporting by Aishwarya Venugopal in Bengaluru; Editing by Arun Koyyur)