{"id":13577,"date":"2017-11-04T12:04:10","date_gmt":"2017-11-04T20:04:10","guid":{"rendered":"http:\/\/associatednews.info\/content\/potential-t-mobile-and-sprint-merger-falls-apart\/"},"modified":"2017-11-04T12:04:10","modified_gmt":"2017-11-04T20:04:10","slug":"potential-t-mobile-and-sprint-merger-falls-apart","status":"publish","type":"post","link":"https:\/\/associatednews.info\/content\/potential-t-mobile-and-sprint-merger-falls-apart\/","title":{"rendered":"Potential T-Mobile And Sprint Merger Falls Apart"},"content":{"rendered":"

By Chris Benderev<\/a><\/span> <\/p>\n

<\/p>\n
<\/a><\/div>\n
\n
\n
Enlarge this image<\/a><\/div>\n<\/div>\n
\n
\n
\n

\n Had T-Mobile and Sprint completed a merger, Reuters says the new company would have claimed more than 130 million subscribers.<\/p>\n

<\/p>\n

Mark Lennihan\/Associated Press<\/p>\n

<\/b>hide caption<\/b><\/b><\/p>\n<\/div>\n

toggle caption<\/b><\/b><\/div>\n

<\/p>\n

Mark Lennihan\/Associated Press<\/p>\n

<\/span><\/div>\n<\/div>\n

After years of talks and speculation, Sprint and T-Mobile announced Saturday that they have ended discussions about a merger.<\/p>\n

In a joint<\/a>statement<\/a>, 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.<\/p>\n

“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.”<\/p>\n

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<\/a>.<\/p>\n

Although it has cut its costs, Sprint is saddled with considerable debt and has endured numerous annual losses.<\/p>\n

Sprint President and CEO Marcelo Claure said: “While we couldn’t reach an agreement to combine our companies, we certainly recognize the benefits of scale through a potential combination. However, we have agreed that it is best to move forward on our own.”<\/p>\n