With Sprint T-Mobile Merger Called Off, What's Next?

With Sprint T-Mobile Merger Called Off, What's Next?

With Sprint T-Mobile Merger Called Off, What's Next?

T-Mobile may need a little self-confidence boost, because it looks like Sprint is leaving it at the altar.

Sources are saying that Softbank, which owns Sprint, may be pulling out of the merger negotiations with Deutsche Telekom, the owner of T-Mobile. SoftBank appeared to be receptive to an arrangement that would that would give Deutsche Telekom control as long as it retained some clout in the combined company. This time around, per a report by Japan's Nikkei, Son's SoftBank became concerned it would lose control should T-Mobile tmus take over Sprint. The companies had been ironing out final terms of the merger in the hopes of announcing a deal in mid- to late November, people familiar with the matter told Bloomberg earlier this month.

But Softbank, Sprint's owner, seems to have soured on the idea.

SoftBank will propose ending the talks as early as Tuesday, Nikkei said.

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Shares in the provider of satellite television Dish Network Corp that had hugely been considered an active partner for the Sprint or T-mobile of its spectrum holdings, shut down at 4 percent.

USA regulators' concerns thwarted the companies' previous deal effort in 2014. The merger was less critical for T-Mobile. T-Mobile shares dropped 5.4 percent.

Without the merger, the industry could return to the intense price wars that have put pressure on profits for all four major carriers - to the delight of consumers, who have gotten heavy phone discounts and unlimited data service.

The companies had been hoping their chances would improve under the more business-friendly administration of US President Donald Trump.

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