Mobile reportedly makes Sprint new offer in an effort to save merger

Mobile reportedly makes Sprint new offer in an effort to save merger

Instead, Sprint CEO Marcelo Claure said today in a joint statement with T-Mobile, that even though no deal was reached, both Sprint and T-Mobile see the benefits to a combination of the two wireless operators. The wireless carriers "were unable to find mutually agreeable terms" and want to "put an end to the extensive speculation around a transaction", they said in a joint announcement. But T-Mobile won't pursue a deal that doesn't "result in superior long-term value for T-Mobile's shareholders compared to our outstanding stand-alone performance and track record", he said.

T-Mobile is owned by Deutsche Telekom, and Sprint is owned by SoftBank.

Wireless carriers Sprint and T-Mobile called off a potential merger, saying the companies couldn't come to an agreement that would benefit customers and shareholders. The company had eyed the Deutsche Telekom company as a way to grow its own footprint in the United States and take on the two big carriers in the nation, AT&T and Verizon.

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In 2014, the nation's No. 3 and No. 4 wireless providers considered joining forces but eventually called off merger talks because it was believed the US regulatory hurdles under the Obama administration were too steep. 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.

SoftBank plans to boost its stake in Sprint, already above 80%, by acquiring shares in the open market, people familiar with the matter said, though it won't seek full control.

This isn't the first time Sprint has tried to acquire T-Mobile, and it may not be the last. With its hoard of 2.5GHz high-frequency spectrum, Sprint would have been a flawless fit for T-Mobile and its cache of low-frequency airwaves in the 600MHz-700MHz bands. But with the new Trump administration, it was thought regulators might be more relaxed about a merger. "We won't stop now".

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