After months of on-again-off-again discussions about merging, T-Mobile and Sprint have officially called it quits. The companies jointly announced today that they have ended negotiations after they were “unable to find mutually agreeable terms.”
In its announcement, Sprint’s President and CEO Marcelo Claure says that while they recognized the potential value in merging, “we have agreed that it is best to move forward on our own.” T-Mobile’s President and CEO John Legere outlined that any merger would have to bring in long-term value to his shareholders.
There’s been widespread speculation for months that the two companies would merge to challenge their larger rivals, AT&T and Verizon. In May, Sprint and T-Mobile resumed preliminary and...
