Sprint and T-Mobile end merger negotiations

(FOX News) -- Sprint Corp and T-Mobile US Inc said on Saturday they have called off merger talks to create a stronger U.S. wireless to rival to market leaders, leaving No. 4 provider Sprint to engineer a turnaround on its own.

The announcement marks the latest failed attempt to combine the third- and fourth-largest U.S. wireless carriers, as Sprint parent SoftBank Group Corp, and T-Mobile parent, Deutsche Telekom AG, show unwillingness to part with their prized U.S. telecom assets.

The companies' unusual step of making a joint announcement on the canceled negotiations could indicate they still recognize the merits of a merger and could keep the door open for potential future talks.

The companies said they ended talks because they "were unable to find mutually agreeable terms."

Read more about this story at FOXNews.com.
 

Up Next:


  • Popular

  • Recent

Stories You May Be Interested In – includes Advertiser Stories