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renegadebusdallas.com November 17, 2017


Mobile, Sprint call off merger attempt

05 November 2017, 01:36 | Francis Delgado

With T-Mobile Deal All But Dead, Softbank Looks To Charter

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

T-Mobile Chief Executive John Legere spoke with Sprint Chief Executive Marcelo Claure on Wednesday, after a T-Mobile board meeting in NY where directors agreed to renew their overtures to Sprint to keep the deal alive, the report said.

T-Mobile has allegedly now made a new proposal, the terms of which aren't known, and it's said that a deal could be a reached within weeks (though it's not the first time we've heard that regarding this particular partnership).

T-Mobile said Saturday that while the company believed a merger with Sprint could have been beneficial for consumers, it is ultimately more confident in its ability to go it alone. Claure, the Sprint CEO, is also a member of SoftBank's board.

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The complaint said Saipov had requested permission to display the flag of the Islamic State militant group in his hospital room. He added that the US justice system is "a joke and it's a laughingstock" because it doesn't move quickly enough.

Mark Stodden, telecom analyst at Moody's, said "To really take the kind of next step from a business that has been stabilized to a business that has been growing is going to require a new more intense investment phase". If the companies had struck a deal this year, they would have had a better chance of getting government approval under the Trump administration. Now sources are back saying that T-Mobile is scrambling to save the deal, and that it has sent revised terms to Sprint in hopes that something can be worked out. It slipped behind T-Mobile to become the country's fourth biggest mobile provider, and has a significant amount of debt.

Industry executives have said a combined Sprint-T-Mobile entity would have the scale, network and enhanced portfolio of wireless airwaves and a better chance to develop 5G, the next generation of wireless technology. Initially, the merger seemed to be a done deal.

The two companies came close to announcing a merger in 2014 but called it off at the last minute due to regulatory concerns.



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