How T-Mobile and Sprint Could Merge

The video discusses a potential merger between Sprint and T-Mobile, focusing on a stock-for-stock deal structure. Deutsche Telecom and SoftBank, the major stakeholders, are considering various ownership and control scenarios. The merger talks are in early stages, and Wall Street banks may be unhappy due to the lack of financing fees in an all-stock deal.

What are the implications of the merger talks being in the early stages according to the sources?

Why might Wall Street banks be unhappy with the all-stock merger structure?