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Potential T-Mobile And Sprint Merger Falls Apart
Source: NPR
Potential T-Mobile And Sprint Merger Falls Apart
November 4, 20174:04 PM ET
CHRIS BENDEREV
After years of talks and speculation, Sprint and T-Mobile announced Saturday that they have ended discussions about a merger.
In a joint statement, the third- (T-Mobile) and fourth-largest (Sprint) wireless carriers in the U.S. explained that they were unable to agree on the terms of a deal.
"The prospect of combining with Sprint has been compelling for a variety of reasons," said T-Mobile President and CEO John Legere in a statement. But, he continued, "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."
T-Mobile has seen growth in customer numbers in recent years, which many view as a reward for pioneering more customer-friendly options such as dropping two-year contracts, The Associated Press reports.
-snip-
November 4, 20174:04 PM ET
CHRIS BENDEREV
After years of talks and speculation, Sprint and T-Mobile announced Saturday that they have ended discussions about a merger.
In a joint statement, the third- (T-Mobile) and fourth-largest (Sprint) wireless carriers in the U.S. explained that they were unable to agree on the terms of a deal.
"The prospect of combining with Sprint has been compelling for a variety of reasons," said T-Mobile President and CEO John Legere in a statement. But, he continued, "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."
T-Mobile has seen growth in customer numbers in recent years, which many view as a reward for pioneering more customer-friendly options such as dropping two-year contracts, The Associated Press reports.
-snip-
Read more: http://www.npr.org/sections/thetwo-way/2017/11/04/562117602/potential-t-mobile-and-sprint-merger-falls-apart
