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tinyfav.com December 15, 2017


With T-Mobile Deal All But Dead, Softbank Looks To Charter

05 November 2017, 02:07 | Gina Pena

T-Mobile US CEO John Legere and his executive team announce Un Carrier 12.0 from the company's Bellevue

T-Mobile US CEO John Legere and his executive team announce Un Carrier 12.0 from the company's Bellevue

But in a joint statement Saturday, Sprint and T-Mobile said they were calling off merger negotiations for the foreseeable future.

The companies said they ended talks because they "were unable to find mutually agreeable terms".

"However, we have been clear all along that a deal with anyone will have to result in superior long-term value for T-Mobile's shareholders compared to our outstanding stand-alone performance and track record", he added.

Sprint CEO Marcelo Claure said in the statement that even though the companies could not reach a deal, "we certainly recognize the benefits of scale through a potential combination".

Reuters also speculated that the atypical nature of Saturday's joint statement may signify that the two companies are trying to preserve a relationship and sustain the possibility of an eventual return to talks. The company had eyed the Deutsche Telekom company as a way to grow its own footprint in the U.S. and take on the two big carriers in the nation, AT&T and Verizon.

Economy added 35300 jobs last month, unemployment rate up: Statistics Canada
The data agency said 18,000 more youths, aged 15 to 24, were employed in October, with all of the growth in full-time work. USA labor reports for October were released Friday, and the numbers were slightly better than what was initially expected.

Two killed in shooting at Colorado Walmart store
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His tenure with the 76ers has soured after an impressive rookie season in which he averaged 17.5 points and seven rebounds. The team traded their other center Nerlens Noel last season after Noel complained about the lack of playing time.

But Sprint stock stumbled Monday after a news report that its parent company, the Japanese conglomerate SoftBank, called off talks with T-Mobile about the possible merger.

In 2014, the nation's No. 3 and No. 4 wireless providers considered joining forces but eventually called off merger talks because it was believed the USA regulatory hurdles under the Obama administration were too steep. SoftBank founder and CEO Masayoshi Son reportedly did not want to give up control of Sprint.

With merger talk officially through, that means T-Mobile and Sprint will have to revisit their position in a marketplace where Verizon and AT&T dwarf their wireless subscriber totals. Legal experts also said earlier this year that it was hard to predict whether the current administration would be more receptive of a deal.

T-Mobile, meanwhile, has provided Deutsche Telekom with growth at a time when the European market has been stagnant.



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