Mobile Sprint merger has been called off

Mobile Sprint merger has been called off

Mobile Sprint merger has been called off

Sources claim that Deutsche Telekom, the German parent company behind T-Mobile, wanted to hold the controlling stake in the entity that would result from the merger.

It will diminish SoftBank's intended penetration of the important United States of America market, a strategy that includes a US$50bn investment. The pair had reached a broad agreement to integrate T-Mobile and Sprint - the third- and fourth-largest carriers in the US - and were ironing out such details as the ownership ratio. Meanwhile, several members of SoftBank's board have raised concerns about giving up control of the US wireless business, another person said. "But SoftBank's board discussed at a meeting Friday that the company would not give up control". Rumors about the most recent talks circled for a long while before they were made official.

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

SoftBank tried to buy T-Mobile once before, in 2014.

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Sprint owner SoftBank is "abandoning its efforts" to merge the carrier with T-Mobile, The Wall Street Journal reported today while quoting "people familiar with the matter".

A merger between the two carriers could still eventually occur, of course-SoftBank's decision to walk away may be a negotiating tactic-but one looming question is whether Sprint can thrive in the USA wireless market. Wireless data prices have been falling.

As previously mentioned, the deal would have placed Deutsche Telekom as the majority owner of the combined carrier.

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