Mobile, Sprint call off merger attempt
- Author: Regina Walsh Nov 05, 2017,
Nov 05, 2017, 1:37
The company had eyed the Deutsche Telekom company as a way to grow its own footprint in the United States and take on the two big carriers in the nation, AT&T and Verizon.
This comes after Softbank reportedly torpedoed merger talks between Sprint and T-Mobile due to disagreements over how the combined company would be run.
"While we couldn't reach an agreement to combine our companies, we certainly recognize the benefits of scale through a potential combination".
The Thunder's plane hit a bird and it left quite a mark
The nose cone "of a plane is being constructed by soft materials (composit) to minimalize the impact of such hits". But a Thunder spokesperson told an Oklahoma newspaper that all players, staff and coaches were safe.
John Legere, president and chief executive of T-Mobile, said in the statement that the prospect of combining with Sprint was compelling but "we have been clear all along that a deal with anyone will have to result in superior long-term value for T-Mobile's shareholders compared to our outstanding stand-alone performance and track record". Given its greater userbase, T-Mobile likely wants the larger stake. With the new Trump administration, it was thought regulators might be more relaxed.
It is still possible that Sprint will reject the new terms or decline investing any more effort into the potential merger. Now that nothing has changed, Sprint remains in a vulnerable position, having reported annual losses for ten consecutive years.
T-Mobile US Inc. and Sprint Corp. were reportedly on the verge of inking a deal in September, but rumors have been swirling over the last couple of weeks that negotiations had stalled.
T-Mobile has seen growth in customer numbers in recent years, which many view as a reward for pioneering more customer-friendly options such as dropping two-year contracts, The Associated Press reports.