Sprint to Halt Talks on T-Mobile Merger

Megalith

24-bit/48kHz
Staff member
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Aug 20, 2006
Messages
13,003
For the second time in three years, Sprint is preparing to leave T-Mobile at the altar after months of negotiations to bring together the two U.S. wireless providers. Directors at Sprint's parent company, SoftBank Group Corp., met in Tokyo last week and decided to suspend the merger efforts, according to people familiar with the matter. Officials at T-Mobile were caught off guard by the development.

SoftBank's founder and chairman, Masayoshi Son, is concerned about giving up too much control in the potential transaction, said the people familiar with the break-down in the talks. The two sides also have been unable to agree on a valuation for Sprint's shares, they added, though the talks still could be revived at a later date. SoftBank, which owns more than 80% of Sprint, had been in negotiations with T-Mobile's parent Deutsche Telekom AG on an all-stock deal that would give the German firm control over the combined U.S. company.
 

darrpara

Gawd
Joined
Apr 26, 2011
Messages
680
Good. Less market consolidation the better.

I don't see how this is better. Without the merger it will take TMobile like 15+ years to get as many subs as AT&T all while not having the revenue base to further build out it's network while AT&T and Verizon roll out 5G and beyond. With Sprint on the decline we will end up with 3 carriers either way because SoftBank can't put more money into Sprint without triggering buyout clauses.

All this does is give Verizon and AT&T 15 more years of dominance.
 

the-one1

2[H]4U
Joined
Jan 16, 2003
Messages
2,982
Too many words to just say: Sprint didn't like the price T-Mobile was willing to pay
 

Domingow

2[H]4U
Joined
Jan 3, 2001
Messages
3,658
As a T-Mobile customer, this makes me very happy. Sprint is a garbage company.

As a Sprint Customer, I agree.

Only saving grace for sprint IMO is their (goofy branded) MagicBox. It works great, it was free and I now have great LTE coverage in home, one weird side-effect is Bluetooth gets stomped on hard near the magicbox.
 

SparkedFire

[H]ard|Gawd
Joined
Jun 27, 2003
Messages
1,109
I just switched to Sprint. AT&T is useless in a lot of situations in Central Florida. Sprint band 41 is pretty impressive.
 

scojer

[H]F Junkie
Joined
Jun 13, 2009
Messages
8,352
T-Mobile would of had control over Sprint. I was rooting for the merger for more spectrum for T-Mobile to have better coverage. Oh well.
 

RayderR6

Limp Gawd
Joined
Sep 14, 2008
Messages
295
German and Japanese companies fighting over who ultimately can control US companies, irony is so rich.
 
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