SoftBank Pulls Rug Out from Under Sprint / T-Mobile Merger
Oct 30, 2017, 1:15 PM by Eric M. Zeman
Sprint and T-Mobile may not be merging after all. SoftBank, the majority owner of Sprint, plans to break off merger talks, according to Reuters. SoftBank and T-Mobile owner Deutsche Telekom haven't been able to agree on who will own the combined company. T-Mobile and Sprint are the country's third- and fourth-largest carriers, when measured by customers. The merged entity would have been better able to compete with market leaders AT&T and Verizon. SoftBank and Deutsche Telekom had widely been expected to announced merger details by the end of the month. Neither Sprint nor T-Mobile commented on Reuters' report.
Comments
Inevitable
My guess is that each side is hoping the other will fail first, and the winner will rush in to scoop up the remains for a song.
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