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Sprint Uninterested In the Uncarrier, Will Abandon Merger

Article Comments  8  

Aug 5, 2014, 6:34 PM   by Eric M. Zeman   @phonescooper

Sprint plans to end its pursuit of T-Mobile. The company and its owner SoftBank have been weighing the idea for nearly a year. They now believe Sprint will not be able to win regulatory approval of an acquisition or merger between Sprint and T-Mobile, according to unnamed sources cited by The Wall Street Journal. The FCC and Justice Department were quick to tell Sprint they prefer a four-carrier market to maintain competition. Sprint and its owner Softbank will pursue a solo strategy moving forward. Sprint may make a formal announcement regarding a change of direction as soon as Wednesday. Separately, Bloomberg also reported that Sprint and T-Mobile have ended merger talks. Bloomberg further noted Sprint may also announce a new CEO to replace Dan Hesse along with its new strategy. Sprint has not made any announcements, nor did it comment on either report.

more info at Wall Street Journal »
more info at Bloomberg »

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Comments

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CaptainPlanet

Aug 6, 2014, 12:48 AM

Take away

Of course this is just my humble opinion, but two thoughts:

1. I think this proves Sprint is no better off under Softbank than they ever were before. Everybody knew this deal would not go through except Masayoshi Son, who for some reason took almost a year to figure it out.

2. Dan Hesse being shown the door. Its years too late but at least it finally happened. Hopefully there is a purge of all executive leadership at Sprint.
Maybe they'll bring customer service back to the states and give raises to store employees as well. Now that would help fix sprints image. But alas it's too late. Morale is so down within sprint
...
I wholeheartedly agree with both of your points.
wrightN

Aug 5, 2014, 10:00 PM

Ntelos

Sprint just needs to throw a little of all this BS money towards nTelos and gobble them up already
dr.mordin

Aug 5, 2014, 6:40 PM

Break up fees

Sprint doesn't have At&T money,
so I'd hazard to say that they didn't want to pay break up fees.

What other reason is there for a sudden change of heart?
T-Mobile is in good financial shape, so that's not the issue.
I don't think they're ready to get into a bidding war with Iliad, if they decide to come back with a better offer.
 
 
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