Mobile companies Sprint and T-Mobile have officially ended merger plans, announcing jointly Saturday that both "companies were unable to find mutually agreeable terms" for a deal. The tone of the release suggests T-Mobile and Sprint are still on pleasant enough terms, so it's not unthinkable to imagine the two to partnering in some capacity in the future. Its wide portfolio and clout have made it a good fit to own and operate Sprint from above thus far, though that was not always the case; at one point, Masayoshi Son was very open about the fact that the company was losing money thanks to Sprint.
Marcelo Claure, Sprint President and CEO added in the statement: "While we couldn't reach an agreement to combine our companies, we certainly recognize the benefits of scale through a potential combination".
T-Mobile US Inc.
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. The company has also badgered rivals with its unlimited data plans. With the new Trump administration, it was thought regulators might be more relaxed. It seemed this most recent deal was doomed to failure, as well.More news: NYPD gathering evidence for possible Weinstein arrest
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Legere said that T-Mobile has "been out-growing this industry for the last 15 quarters, delivering outstanding value for shareholders, and driving significant change across wireless".
It is still possible that Sprint will reject the new terms or decline investing any more effort into the potential merger.
Legal experts also said earlier this year that it was hard to predict whether the current administration would be more receptive of a deal.