Published: Sun, November 05, 2017
Sci-tech | By Jackie Newman

Mobile and Sprint merger could be back on the table

Mobile and Sprint merger could be back on the table

This comes after Softbank reportedly torpedoed merger talks between Sprint and T-Mobile due to disagreements over how the combined company would be run.

Sprint president and CEO Marcelo Claure said: "While we couldn't reach an agreement to combine our companies, we certainly recognize the benefits of scale through a potential combination". 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 and Sprint are the third- and fourth-largest United States wireless carriers but they are significantly smaller than AT&T and Verizon, who effectively have a duopoly over U.S. wireless service.

T-Mobile and Sprint are no longer in talks to merge, with the companies saying on Saturday that they were unable to come to terms on an agreement that would have united the third- and fourth-largest USA wireless carriers. But with the new Trump administration, it was thought regulators might be more relaxed about a merger. With its hoard of 2.5GHz high-frequency spectrum, Sprint would have been a ideal fit for T-Mobile and its cache of low-frequency airwaves in the 600MHz-700MHz bands.

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Sprint has a lot of debt and has posted a string of annual losses.

T-Mobile has been particularly aggressive - and successful - in challenging its two larger rivals.

SoftBank CEO Masayoshi Son said in May that the Obama administration was "quite tough on business", and added "the door is open" for potential mergers with the new administration. According to Bloomberg reports, SoftBank made an offer to buy Charter in July, but this was rejected, with Charter set to launch its own mobile services next year running on Verizon's network.

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