Sprint Close To Agreement On Terms To Buy T-Mobile: Report

(Reuters) - Sprint Corp (S.N) is closing in on an agreement to pay $40 a share to buy T-Mobile US Inc (TMUS.N), Bloomberg reported on Wednesday, drawing the two companies toward a deal to combine the country's third- and fourth-largest telecoms carriers. The price reportedly under discussion represents about a 17 percent premium to T-Mobile's Wednesday close and values the No. 4 carrier at more than $32 billion.