Mobile, Sprint Call Off Merger Talks

T-Mobile-Sprint merger may not be dead after all as CEOs Legere and Claure reportedly revive talks

In a joint statement, the third- (T-Mobile) and fourth-largest (Sprint) wireless carriers in the USA explained that they were unable to agree on the terms of a deal. A new report has given us an update on the situation.

Shares of Sprint and T-Mobile tumbled Monday after rumors emerged that merger talks between the two companies were fizzling. Details of the offer are unknown, but it's said that Sprint's board spent Thursday discussing this whole merger situation. However, it's also possible that they'll fail to reach an agreement and this whole thing will fall apart.

This comes after Softbank reportedly torpedoed merger talks between Sprint and T-Mobile due to disagreements over how the combined company would be run. But Washington regulators have frowned on a possible merger.

With merger talk officially through, that means T-Mobile and Sprint will have to revisit their position in a marketplace where Verizon and AT&T dwarf their wireless subscriber totals.




"These two are going to find compelling reasons to explore a combination again at some point", said Kevin Roe, an analyst at Roe Equity Research. Softbank CEO Masayoshi Son personally approached Charter about a merger, and talks at this point are reported to be strictly exploratory and preliminary in nature, but include a number of higher-ups from both companies.

The negotiation had broken down over SoftBank maintaining control of Sprint, which the Tokyo-based parent company considers a strategic asset.

T-Mobile US Inc. That changed today when T-Mobile CEO John Legere and Sprint CEO Marcelo Claure both said that there won't be any deal. The tone of the release suggests T-Mobile and Sprint are still on pleasant enough terms, so it's not unthinkable to imagine the two to partnering in some capacity in the future. Sprint also controls the largest holding of 2.5 gigahertz airwave licenses in the US, a crown jewel that has been obscured inside a money-losing business.

T-Mobile, meanwhile, has provided Deutsche Telekom with growth at a time when the European market has been stagnant. "We won't stop now".

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