Sprint and T-Mobile abandon merger talks

Sprint and T-Mobile abandon merger talks – Nov. 4, 2017

Meet 'crazy' tech tycoon Masayoshi Son

Sprint and T-Mobile’s have abandoned discussions about a potential merger.

The companies issued a joint statement Saturday, after a week of speculation, saying they “have ceased talks.”

‘; var storytext = document.getElementById(‘storytext’); var heightToSkip = 0; function resetValues() { totalHeight = 0; targetChildElement = null; }
// Check if story is in the blacklist of articles to remove smartassets // [2017.07.27] Results of a one-off request from r.barbieri if(BLACKLIST[location.pathname] === true) { return } if(storytext == null) { console.log(“Error finding storytext element for SA embed”); return; } for ( i = 0; i 0) { heightToSkip -= storytext.childNodes[i].clientHeight; resetValues(); } else if(heightToSkip minHeight && targetChildElement != null) { //console.log(“total height = ” + totalHeight); //console.log(“childNode = ” + targetChildElement); storytext.childNodes[targetChildElement].insertAdjacentHTML(‘afterend’, smartAssetDiv); smartasset = document.getElementById(‘smartasset-article’); smartasset.style.float = ‘left’; // allows module to have text float to right smartasset.style.marginRight =’20px’; smartasset.style.marginBottom =’25px’; //console.log(storytext.childNodes[targetChildElement]); //SMARTASSET.setDivIndex(targetChildElement); SMARTASSET.setSmartAssetScript(); /* bail out since we’re done */ break; } } /* div with id=”smartassetcontainer”. Sanity check to only embed once */ else if (storytext.childNodes[i].nodeName.toLowerCase() === ‘div’ && storytext.childNodes[i].id !== “undefined” && storytext.childNodes[i].id === “smartassetcontainer”) { break; } /* div with id=”ie_column” */ else if (storytext.childNodes[i].nodeName.toLowerCase() === ‘div’ && storytext.childNodes[i].id !== “undefined” && storytext.childNodes[i].id === “ie_column”) { resetValues(); } /* embeds from twitter, facebook, youtube */ else if (storytext.childNodes[i].nodeName.toLowerCase() === ‘div’ && storytext.childNodes[i].classList.contains(’embed’)) { resetValues(); } /* cnn video player */ else if (storytext.childNodes[i].nodeName.toLowerCase() === ‘div’ && storytext.childNodes[i].classList.contains(‘cnnplayer’)) { resetValues(); } /* images */ else if (storytext.childNodes[i].nodeName.toLowerCase() === ‘img’) { resetValues(); } /* images stored in figure tags */ else if (storytext.childNodes[i].nodeName.toLowerCase() === ‘figure’) { if(storytext.childNodes[i].clientWidth

“While we couldn’t reach an agreement to combine our companies, we certainly recognize the benefits of scale through a potential combination. However, we have agreed that it is best to move forward on our own,” said Marcelo Claure, Sprint’s CEO.

T-Mobile CEO John Legere also said there were benefits to consolidating, but added that, “we have been clear all along that a deal with anyone will have to result in superior long-term value for T-Mobile’s shareholders.”

Shares of Sprint (S) and T-Mobile (TMUS) tumbled Monday after rumors emerged that merger talks between the two companies were fizzling.

Related: Sprint stock tanks as T-Mobile merger said to collapse

On Monday it looked as if SoftBank (SFTBF), 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. Claure, the Sprint CEO, is also a member of SoftBank’s board .

Exactly what issue ultimately severed the talks was not immediately clear Saturday. Neither Sprint nor T-Mobile immediately replied to requests for comment by CNNMoney.

This is the second time the mobile carriers have attempted to join forces and failed.

Sprint and T-Mobile previously discussed a merger in 2014 but scrapped it because of concerns about regulatory challenges from the Obama administration.

Related: Sprint owner says ‘door is open’ to mergers under Trump

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

SoftBank CEO Masayoshi Son said in May that the Obama administration was “quite tough on business,” and added “the door is open” for potential mergers with the new administration.

Son met with Trump the month before he took office to talk up an investment in U.S. businesses. The investment ignited speculation about Son and SoftBank trying to revive merger talks.

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.

CNNMoney (New York) First published November 4, 2017: 3:15 PM ET

The following two tabs change content below.
Nino Plevnik
I am in the Internet marketing area for some time now. I mostly deal with Affiliate Marketing and Domain Flipping. It took me a while until I figured it out. Now I want to transfer my knowledge to beginners, so they can start earn money online as quickly (and painlessly) as possible.
Nino Plevnik
About Nino Plevnik 83 Articles
I am in the Internet marketing area for some time now. I mostly deal with Affiliate Marketing and Domain Flipping. It took me a while until I figured it out. Now I want to transfer my knowledge to beginners, so they can start earn money online as quickly (and painlessly) as possible.


  1. I have to thank you for the efforts you have put in penning this website.
    I’m hoping to see the same high-grade content from you in the future as well.
    In truth, your creative writing abilities has motivated me to
    get my very own blog now 😉

  2. I have been exploring for a little for any high quality articles or blog posts in this sort of area .
    Exploring in Yahoo I eventually stumbled upon this website.

    Studying this information So i am glad to express that I’ve a very just right uncanny
    feeling I found out exactly what I needed. I so much no doubt
    will make certain to don?t fail to remember this website
    and provides it a glance regularly.

  3. Youre so cool! I dont suppose Ive learn anything like this before. So nice to seek out someone with some unique ideas on this subject. realy thank you for beginning this up. this web site is something that’s wanted on the net, someone with a little bit originality. helpful job for bringing one thing new to the web!

  4. Thank you for your whole labor on this web page. My daughter really likes carrying out research and it’s really obvious why. My spouse and i learn all about the powerful form you offer invaluable ideas by means of your blog and in addition recommend response from people on the topic so our girl has always been becoming educated a great deal. Have fun with the remaining portion of the new year. You’re carrying out a splendid job.

  5. After research just a few of the weblog posts on your website now, and I actually like your method of blogging. I bookmarked it to my bookmark web site checklist and might be checking back soon. Pls try my website as well and let me know what you think.

  6. A lot of thanks for your whole hard work on this web page. Debby delights in participating in investigation and it’s obvious why. We notice all regarding the powerful method you produce functional tips and hints via the web site and even foster participation from the others on this situation plus our own girl is certainly becoming educated a lot of things. Take advantage of the remaining portion of the year. You are performing a splendid job.

Leave a Reply

Your email address will not be published.