Sprint and T-Mobile call off merger talks after failure to reach agreement - News Summed Up

Sprint and T-Mobile call off merger talks after failure to reach agreement


Joint statement ends negotiations over a possible merger, something the two wireless carriers have been dancing around for yearsWireless carriers Sprint and T-Mobile have called off a potential merger, saying they could not come to an agreement that would benefit customers and shareholders. The two companies have been dancing around a possible merger for years, and were again in the news in recent weeks with talks of coming together after all. But in a joint statement Saturday, Sprint and T-Mobile said they were calling off merger negotiations for the foreseeable future. But Washington regulators have frowned on a possible merger. “T-Mobile does not need a merger with Sprint to succeed, but Sprint might need one to survive,” Piecyk wrote in an October research note.


Source: The Guardian November 04, 2017 19:41 UTC



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