T-Mobile and Sprint waive the right to merge (Photo JUSTIN SULLIVAN, SAUL LOEB. GETTY IMAGES NORTH AMERICA)
The mobile operators u.s. Sprint and T-Mobile have officially renounced to merge, due to lack of agreement on the terms of a reconciliation, have they announced Saturday, ending weeks of discussions that would have turned the industry in the United States.
T-Mobile, a subsidiary of the German Deutsche Telekom (DE:DTEGn), and Sprint, a subsidiary of the japanese Softbank (T:9984), announced jointly today that they had ceased discussions with a view to a merger because they have not been able to agree on terms” acceptable to both parties, they wrote in a press release.
This rapprochement between the third (T-Mobile) and the fourth (Sprint) american operator, wanted for a long time by Softbank, had the lead in the wing for a few days while the groups were discussing the details of the operation, according to the press.
In the beginning of the week, the japanese press had indicated that the discussions were at risk of foundering due to lack of agreement on the control of the new group.