Talks between T-Mobile and Sprint for a stock-for-stock deal that makes Deutsche Telekom the controlling owner are moving forward, sources tell CNBC’s David Faber.

However, some T-Mobile shareholders are frustrated with the deal price, these sources said.

As previously reported by CNBC, the exchange ratio for the stocks is expected to be at market. The deal price range continues to be locked on an exchange ratio that gives no further premium above Sprint’s current value, sources said.

T-Mobile is owned by Deutsche Telekom while Sprint is controlled by SoftBank.

Source: Tech CNBC
T-Mobile, Sprint deal talks moving forward, but some not happy with price: Sources