SoftBank Puts an End to the Sprint / T-Mobile Merger

Posted by at 3:06 pm on October 30, 2017

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.

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