With T-Mobile Deal All But Dead, Softbank Looks To Charter

T-Mobile and Sprint work to save merger talks WSJ

The two carriers have been huddled for weeks, but reports suggested talks hit several hurdles. 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.

John Legere, president and chief executive of T-Mobile, said in the statement that the prospect of combining with Sprint was compelling but "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".

Instead, Sprint CEO Marcelo Claure said today in a joint statement with T-Mobile, that even though no deal was reached, both Sprint and T-Mobile see the benefits to a combination of the two wireless operators.

Just a few days after merger negotiations reportedly fell apart between Deutsche Telekom-backed T-Mobile SoftBank-owned Sprint, T-Mobile has reached out to Sprint with a revised offer, the Wall Street Journal reports.

T-Mobile and Sprint are the U.S.′ third- and fourth-largest wireless carriers, respectively, but they are significantly smaller than AT&T and Verizon, who effectively have a duopoly over USA wireless service.

The companies expected to have a better shot at the merger this year under the Trump administration.

Sprint has a lot of debt and has posted a string of annual losses.

It comes as Sprint has somewhat struggled in an increasingly competitive United States mobile market.

T-Mobile has been particularly aggressive - and successful - in challenging its two larger rivals.

"T-Mobile does not need a merger with Sprint to succeed, but Sprint might need one to survive", Piecyk wrote in an October research note. SoftBank CEO Masayoshi Son has talked about spinning off a new company that would own the valuable spectrum as a way to unlock its value.

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