04 NOV

T-Mobile and Sprint finally, officially, say they definitely won’t merge

T-Mobile USA and Sprint today finally gave a definitive answer about whether they will merge. The telecomm giants said that they have stopped negotiating and will remain independent entities. 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.

Over the past few weeks, numerous merger updates have bubbled up from anonymous sources. Initially, the merger seemed to be a done deal. Merger talks then seemed to break down, only to be revived again a couple days ago.

But none of those rumors were confirmed by the companies’ chief executives. That changed today when T-Mobile CEO John Legere and Sprint CEO Marcelo Claure both said that there won’t be any deal.

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Ars Technica

Post Author: martin

Martin is an enthusiastic programmer, a webdeveloper and a young entrepreneur. He is intereted into computers for a long time. In the age of 10 he has programmed his first website and since then he has been working on web technologies until now. He is the Founder and Editor-in-Chief of BriefNews.eu and PCHealthBoost.info Online Magazines. His colleagues appreciate him as a passionate workhorse, a fan of new technologies, an eternal optimist and a dreamer, but especially the soul of the team for whom he can do anything in the world.