With T-Mobile Deal All But Dead, Softbank Looks To Charter

Giant International Egos May Derail The Sprint T-Mobile Merger

The chief execs of Sprint and T-Mobile both said they still see the benefits of combining but indicated the talks broke down over financial terms.

Marcelo Claure, Sprint President and CEO added in the statement: "While we couldn't reach an agreement to combine our companies, we certainly recognize the benefits of scale through a potential combination".

T-Mobile said Saturday that while the company believed a merger with Sprint could have been beneficial for consumers, it is ultimately more confident in its ability to go it alone. However, we have agreed that it is best to move forward on our own.

The announcement marks the latest failed attempt to combine the third- and fourth-largest US wireless carriers, as Sprint parent SoftBank Group Corp, and T-Mobile, controlled by Deutsche Telekom AG, show unwillingness to part with their prized USA telecom assets.

T-Mobile has been particularly aggressive - and successful - in challenging its two larger rivals. Sources had originally stated that Sprint made a decision to call off the acquisition because Deutsche Telekom was looking to get the majority of control over the entity resulting from the merger; though some Sprint executives were reportedly okay with this, others allegedly wanted more.

Windsor unemployment rate up in October to 6.9%
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Blizzard Announces New Healer and Map for Overwatch, Premier Next Animated Short
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'Multiple parties down' in Colorado Walmart shooting, police say
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Wireless giants T-Mobile US and Sprint on Saturday said they have ended talks towards a mega-deal that would have merged the two and created a company to better compete with AT&T and Verizon. 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.

A few weeks later, Legere said he was open to "various forms of consolidation" when asked about a potential merger with Sprint and SoftBank under the Trump administration.

Son met with Trump the month before he took office to talk up an investment in US businesses.

This isn't the first time Sprint has tried to acquire T-Mobile, and it may not be the last.

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