IT&Software

Mobile And Sprint Abandon Merger Talks

Mobile And Sprint Abandon Merger Talks

Mobile companies Sprint and T-Mobile have officially ended merger plans, announcing jointly Saturday that both "companies were unable to find mutually agreeable terms" for a deal.

Sprint's previously explored deal with T-Mobile would most likely be completely off the table, should talks between Charter and Softbank take off.

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.

More news: 'Lord of the Rings' TV Series Planned for Amazon
More news: Nadal withdraws before quarter-final at Paris Masters with knee injury
More news: Stanford faces Washington State at Martin Stadium

To view the full article, register now. However, we have agreed that it is best to move forward on our own.

Sources claim T-Mobile CEO John Legere reached out to Sprint's CEO Marcelo Claure following a T-Mobile board meeting held to decide whether the carrier would attempt to revive the deal. "However, 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 compared to our outstanding standalone performance and track record". We know we have significant assets, including our rich spectrum holdings, and are accelerating significant investments in our network to ensure our continued growth. With its hoard of 2.5GHz high-frequency spectrum, Sprint would have been a ideal fit for T-Mobile and its cache of low-frequency airwaves in the 600MHz-700MHz bands. This comes after Softbank reportedly torpedoed merger talks between Sprint and T-Mobile due to disagreements over how the combined company would be run. SoftBank founder and CEO Masayoshi Son reportedly did not want to give up control of Sprint. But with the new Trump administration, it was thought regulators might be more relaxed about a merger.

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


  • George HW Bush on Trump: 'I Don't Like Him'

    George HW Bush on Trump: 'I Don't Like Him'

    Bush publicly rebuked Trump, describing him as a "blowhard" in historian Mark Updegrove's new book , The Last Republicans . Rumsfeld, his defense secretary, "didn't make one f-- decision".
    New orang utan species found in Indonesia

    New orang utan species found in Indonesia

    But the purportedly newest member of the family tree of advanced animals that include humans may not be around much longer. That makes the Tapanuli population extremely vulnerable and the great ape species at the greatest risk of extinction.
    United States  strikes ISIS in Somalia for first time

    United States strikes ISIS in Somalia for first time

    The strike resulted in at least one casualty, a U.S. defense official said, without elaborating on the target of the attack. Aircraft of the United States on Friday, November 3, struck the first airstrike on positions of Islamic state in Somalia.
  • 1 dead, 2 injured after shooting at Chicago Starbucks

    1 dead, 2 injured after shooting at Chicago Starbucks

    Two other people were shot, one fatally, at the North Broadway Street location in the city's Uptown neighborhood Thursday night. A 12-year-old boy was taken to hospital with a gunshot wound following a shooting took place at 8.10pm (1.10am GMT) local time.
    Antonio Conte weighing up N'Golo Kante selection against Manchester United

    Antonio Conte weighing up N'Golo Kante selection against Manchester United

    Antonio Conte is " more than capable" of getting Chelsea back on track, says former Premier League title victor Eidur Gudjohnsen. Manchester United midfielder Scott McTominay has been backed by Nemanja Matic to develop into a "great player".
    Elliott: 'I'm not an abuser'; is free to play

    Elliott: 'I'm not an abuser'; is free to play

    Cowboys running back Ezekiel Elliott will, in fact, play with the team against the Kansas City Chiefs this Sunday. Failla denied Elliott's request for another injection earlier this week, putting his suspension into effect.
  • Saudi Arabia intercepts ballistic missile northeast of Riyadh

    Saudi Arabia intercepts ballistic missile northeast of Riyadh

    Al Masirah, a TV network run by the Houthi rebels, also claimed responsibility for the attack on their social media account. The missile was destroyed near Riyadh's King Khaled International Airport, which was functioning normally, it added.
    Easier to do business in India than ever before: Modi

    Easier to do business in India than ever before: Modi

    India will host over 2,000 participants and over 200 companies from 30 countries. He said it is a clear opportunity for global chains.
    Case against Kamal Haasan for remarks on Hindu terror

    Case against Kamal Haasan for remarks on Hindu terror

    This column received a lot of flak from the Right wing, which led to a defamation case against him. Earlier on Friday, Haasan in a column had stated "Hindu terror is now a reality in India".
  • Eddie Howe wants goals in Bournemouth's

    Eddie Howe wants goals in Bournemouth's "season-defining" trip to Newcastle

    There had already been a fine, missed opportunity from Callum Wilson , somehow afforded the time... Benitez has shown faith in Joselu but Dwight Gayle and Aleksandar Mitrovic are available.
    Space Travel Can Seriously Affect the Brain of Astronauts

    Space Travel Can Seriously Affect the Brain of Astronauts

    Interestingly enough, these significant changes were only found in the brains of the astronauts who endured longer space travel. Their brains shifted upwards and the cerebrospinal fluid (CSF) spaces at the top of the brain were found to be narrowed.
    Michelle Obama: Do We Raise Boys to Feel 'Entitled' and 'Self-Righteous'?

    Michelle Obama: Do We Raise Boys to Feel 'Entitled' and 'Self-Righteous'?

    I grew up in the same neighbourhoods, so I know what you're capable of because when you look at me, you should see yourself". It takes practice to have a voice.