Both companies jointly said they couldn't strike mutually agreeable terms. The company had eyed the Deutsche Telekom company as a way to grow its own footprint in the USA and take on the two big carriers in the nation, AT&T and Verizon. T-Mobile CEO John Legere reportedly spoke with his oft-rival, Sprint CEO Marcelo Claure, this week to make clear T-Mobile's commitment to keep negotiations alive.
As the merger talks were carried out, the future of 6,000 Sprint headquarters jobs in Overland Park hung on the outcome, as did the business the company does with local vendors and suppliers and the contributions to charity and community those employees and corporate coffers provide.
T-Mobile USA and Sprint today finally gave a definitive answer about whether they will merge. It seemed this most recent deal was doomed to failure, as well. On Saturday, the companies confirmed that a combination of their businesses is no longer in the.
The Wall Street Journal reports that T-Mobile and its parent company Deutsche Telekom have tweaked their offer, though the exact terms remain unclear. "Going forward, T-Mobile will continue disrupting this industry and bringing our proven Un-carrier strategy to more customers and new categories - ultimately redefining the mobile Internet as we know it". SoftBank founder and CEO Masayoshi Son reportedly did not want to give up control of Sprint. Sources had originally stated that Sprint made a decision to call off the acquisition because Deutsche Telekom was looking to get the majority of control over the entity resulting from the merger; though some Sprint executives were reportedly okay with this, others allegedly wanted more.
Rafael Nadal Withdraws From Paris Masters
This is his fourth time to be crowned world No 1 at the end of the season, after 2008, 2010 and 2013. Nadal's withdrawal means his record of having never won the Paris Masters goes on.
T-Mobile and Sprint are no longer in talks to merge, with the companies saying on Saturday that they were unable to come to terms on an agreement that would have united the third- and fourth-largest US wireless carriers.
Sprint "look [s] forward to continuing to take the fight to the duopoly and newly emerging competitors", Claure said.
This isn't the first time Sprint has tried to acquire T-Mobile, and it may not be the last. "We won't stop now".