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Sprint and T-Mobile End Merger Discussions

Sprint and T-Mobile End Merger Discussions”

The two mobile companies have been dancing around a possible merger for years. Nonetheless, Claure said that "we have agreed that it is best to move forward on our own".

T-Mobile and Sprint are no longer in talks to merge, with the companies saying on Saturday that they were unable to come to terms on an agreement that would have united the third- and fourth-largest US wireless carriers.

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It wasn't, she said in her first on-camera recounting of the incident, which aired Thursday on " Good Morning America ". The New Yorker magazine reported 13 women had claimed that Weinstein sexually harassed or assaulted them.

Sprint and T-Mobile's have abandoned discussions about a potential merger. That changed today when T-Mobile CEO John Legere and Sprint CEO Marcelo Claure both said that there won't be any deal.

It was speculated that Softbank would seek to end negotiations earlier this week, but, according to The Wall Street Journal, T-Mobile has a new offer on the table that Sprint is considering. But, he continued, "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".

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T-Mobile and Sprint are the U.S.′ third- and fourth-largest wireless carriers, respectively, but they are significantly smaller than AT&T and Verizon, who effectively have a duopoly over USA wireless service. Now sources are back saying that T-Mobile is scrambling to save the deal, and that it has sent revised terms to Sprint in hopes that something can be worked out. A merged T-Mobile-Sprint would have been a major challenger to number two AT&T, and could have given Verizon a run for the top spot in a few years.

Although it has cut its costs, Sprint is saddled with considerable debt and has endured numerous annual losses. SoftBank CEO Masayoshi Son has talked about spinning off a new company that would own the valuable spectrum as a way to unlock its value.

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