Sprint, T-Mobile end merger talks

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

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

But in a joint statement Saturday, Sprint and T-Mobile said they are calling off merger negotiations for the foreseeable future.

"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.

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.

Reuters also speculated that the atypical nature of Saturday's joint statement may signify that the two companies are trying to preserve a relationship and sustain the possibility of an eventual return to talks.

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. We know we have significant assets, including our rich spectrum holdings, and are accelerating significant investments in our network to ensure our continued growth".

Gigi Hadid Shuts Down Islamophobe Criticizing Women Wearing Hijabs
Loomer has threatened to take legal action against Uber and accused it and Lyft of hiring "terrorists" and "rapists". Loomer also retweeted an individual who claimed that they were kicked out of an Uber in September for being Jewish.

On Monday it looked as if SoftBank, the Japanese conglomerate with a majority stake in Sprint, would end negotiations because of concerns about the ownership structure of the combined business, according to reports from Nikkei and The Wall Street Journal. But T-Mobile won't pursue a deal that doesn't "result in superior long-term value for T-Mobile's shareholders compared to our outstanding stand-alone performance and track record", he said. But earlier this week, reports had begun to surface that talks were deteriorating.

Sprint and T-Mobile's have abandoned discussions about a potential merger. The companies dashed a previous plan to merge in 2014 after meeting resistance in Washington.

The companies expected to have a better shot at the merger this year under the Trump administration.

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

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