Sprint/T-Mobile merger is off, preserving wireless competition (for now) ars_ab.settitle(1196461)

Sprint/T-Mobile merger is off, preserving wireless competition (for now) ars_ab.settitle(1196461)

Sprint/T-Mobile merger is off, preserving wireless competition (for now) ars_ab.settitle(1196461)

A deal between Overland Park, Kansas-based Sprint and Bellevue, Washington-based T-Mobile would be certain to attract heavy scrutiny from regulators, since it would reduce the four largest carriers in the country to three. Sprint and SoftBank representatives didn't immediately reply to requests for comment.

"Whether or not those issues on governance rise to the level of meaning the deal is off, is not clear", he added. Rumors about the most recent talks circled for a long while before they were made official. T-Mo is also a little less bad, down $1.66, or 2.6%, at $61.30.

Japan's SoftBank Group Corp is planning to break off negotiations on a merger between subsidiary Sprint Corp and T-Mobile US Inc due to a failure to agree on ownership of the combined company, Nikkei reported on Monday.

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A report from the Nikkei Asian Review said that SoftBank could propose ending the merger negotiations as early as Tuesday. Or, Softbank could be hoping to revisit a potential merger should the carrier market change in a favorable way down the road.

SoftBank reportedly was okay with this - at least some higher-ups in the Japanese company - but it still wanted to have some of its own influence over the entity.

Jennifer Fritzsche of Wells Fargo wrote in a research note that SoftBank's "purposeful decision to walk away speaks loudly to the fact that Sprint's back is not against the wall". Still, in August, Sprint CEO and President Marcelo Claure said the company would have an announcement "in the near future" addressing merger discussions.

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