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 have commented on the reports.
