T-Mobile and Sprint Officially End Merger Talks
T-Mobile and Sprint today said they have ceased talks to merge into a single entity. The companies said they could not find mutually agreement terms. T-Mobile and Sprint have flirted with the idea of merging since 2014. Talks ramped up again earlier this year, but it appears the two companies weren't able to find a deal that worked for both organizations. "The prospect of combining with Sprint has been compelling for a variety of reasons," said T-Mobile CEO John Legere. "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 stand-alone performance and track record. 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." T-Mobile and Sprint have vast spectrum resources, but combining them would have been difficult. Moreover, T-Mobile is worth twice as much as Sprint from a market capitalization perspective and that threw a wrench in how the merged company would be led. Marcelo Claure, Sprint's CEO, said, "While we couldn’t reach an agreement to combine our companies, we certainly recognize the benefits of scale through a potential combination. We have agreed that it is best to move forward on our own. We know we have significant assets, including our rich spectrum holdings, and are accelerating significant investments in our network to ensure our continued growth. We look forward to continuing to take the fight to the duopoly and newly emerging competitors." AT&T and Verizon Wireless, the two industry leaders, each have about twice as many customers as both T-Mobile and Sprint.
Aug 7, 2019
Samsung today announced the Galaxy Note10 and Note10+. The company's super-flagship Note series for 2019 comes in two sizes: The Note10 packs a screen similar to the Note9 into a smaller body, while the Note10+ sports a larger display in a body similar in size to the Note9.
Jul 26, 2019
The US Department of Justice has given its blessing to the proposed merger of T-Mobile and Sprint. Several conditions — including a comprehensive deal with Dish intended to create a small fourth national carrier — have satisfied the federal government's anti-trust concerns.
May 7, 2019
Google today expanded its Pixel lineup with two mid-range models: the Pixel 3a and Pixel 3a XL. The new models look much like the higher-end Pixel 3 models and have many of the same features, but use software to bring enhanced quality to more affordable hardware components such as a camera module without Google's Visual Core chip.
Apr 27, 2018
T-Mobile and Sprint are once again weighing a merger between the two businesses and may make an announcement as soon as Sunday, according to multiple reports. Unnamed sources cited by Bloomberg, Reuters, the Wall Street Journal, and the New York Times all suggest the two companies, which have flirted with one another for years, are back at the table hammering out a deal.
May 22, 2018
At least one person thinks Sprint and T-Mobile should be required to divest their respective prepaid businesses if they are allowed to merge. Peter Adderton, founder and former CEO of Boost Mobile, firmly believes the market will become less competitive — particularly in the prepaid space — if Sprint and T-Mobile are allowed to merge without any divestitures.