Mobile And Sprint's Merger Plans Are Dead

A woman talks on her phone as she walks past T-mobile and Sprint wireless stores in New York

News of the merger falling through due to a breakdown in power management is not entirely shocking, given the massive dose of personality that CEO John Legere has injected into T-Mobile over his five year tenure; to lose any control over the company's management or image would nearly certainly break any talk of a merger, though it's still unclear exactly how things unfolded to lead to where we are today.

AT&T's offer to buy T-Mobile in 2011 was spiked and the same regulators signaled in 2014 they would have been against Sprint doing the same thing.

Sprint Corp (S.N) and T-Mobile US Inc (TMUS.O) said on Saturday they have called off merger talks to create a stronger USA wireless to rival market leaders, leaving No. 4 provider Sprint to engineer a turnaround on its own.

It's possible that the two sides will come to an agreement within weeks, claims today's report. German majority owner Deutsche Telekom, which owns roughly 65 percent of the USA carrier, was the first major carrier to eliminate two-year contracts, a shift quickly embraced by consumers and copied by competitors.

Deutsche Telekom CEO Tim Höttges said in a statement on Saturday that T-Mobile has a "strong basis for growth in the upcoming years". It seemed this most recent deal was doomed to failure, as well. But with the new Trump administration, it was thought regulators might be more relaxed about a merger.

T-Mobile, on the other hand, is still the fastest growing and most innovative carrier in the states. One source stated that Claure was told neither Deutsche Telekom nor T-Mobile wants to lose the merger deal, and as a result Sprint's board held its own meeting yesterday.

This isn't the first time Sprint has tried to acquire T-Mobile, and it may not be the last.


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