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Mobile Sprint merger may be saved with last minute compromise

06 November, 2017, 00:18 | Author: Lloyd Doyle
  • T-Mobile US CEO John Legere and his executive team announce Un Carrier 12.0 from the company's Bellevue

Because merger talks have been called off, United States wireless consumers will continue to benefit from competition among four nationwide carriers as T-Mobile and Sprint challenge market leaders Verizon Wireless and AT&T. The two network behemoths finally ended their merger discussions on Saturday after both companies failed to agree on mutual terms for the union, though they did not go into details.

The other day, Sprint majority owner SoftBank had made a decision to end merger talks with T-Mobile and its majority owner Deutsche Telekomover which side would have majority control of the combined firm.

T-Mobile US Inc. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible. Nonetheless, Claure said that "we have agreed that it is best to move forward on our own". 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.

T-Mobile is a better position as a standalone company, analysts have said. At this point, talk of a merger is between Softbank and Charter, rather than having direct involvement with Sprint.

Legere said that T-Mobile has "been out-growing this industry for the last 15 quarters, delivering outstanding value for shareholders, and driving significant change across wireless".


A source told Reuters in July that SoftBank was considering an acquisition offer for Charter in a deal where it would combine the cable company with Sprint.

It's possible that the two sides will come to an agreement within weeks, claims today's report.

Legal experts also said earlier this year that it was hard to predict whether the current administration would be more receptive of a deal.

Deutsche Telekom, which has toyed with options for its USA business for years, put a courageous face on the unravelling of the deal on Saturday night, saying T-Mobile would continue its successful growth strategy.

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