Sprint and T-Mobile Merger Might Be Over Amid Fight for Control of Combined Company [Updated]
Sprint parent company SoftBank may call off a planned merger between Sprint and T-Mobile, report Nikkei and Reuters.
SoftBank's board of directors is said to be having doubts about the deal due to a failure to reach an agreement about the ownership of the combined T-Mobile/Sprint entity. SoftBank is worried about "losing control" of the combined company, according to sources that spoke to Reuters.
Rumors suggest SoftBank could approach T-Mobile parent company Deutsche Telekom as soon as Tuesday to end the talks. Deutsche Telekom wanted a controlling stake in the combined company, which SoftBank's board has ultimately decided not to agree to. T-Mobile is still attempting to keep the deal going, but Deutsche Telekom does not plan to budge on demands for control.
A T-Mobile and Sprint merger deal has been in the works since February of 2017, and as recently as September, the deal was said to be close to done as SoftBank and Deutsche Telekom worked out the final details. T-Mobile CEO John Legere was set to lead the combined company.
Should the deal ultimately fall through, it will be the second time Sprint and T-Mobile have failed to reach an agreement. Sprint parent company SoftBank attempted to purchase T-Mobile in a 2013 deal worth more than $20 billion, but SoftBank abandoned its plans in 2014 amid regulatory scrutiny.
Even if the deal progresses and SoftBank does not end the merger, it's still unclear if it will gain regulatory approval this time around. In 2014, U.S. antitrust regulators said having four national carriers was important to maintaining a competitive market.
Update: T-Mobile and Sprint are attempting to save the merger and are negotiating new terms with T-Mobile having submitted a new offer, according to The Wall Street Journal. A deal could potentially be reached within weeks, but there's still the chance that it'll fall through.
Popular Stories
Apple will adopt the same rear chassis manufacturing process for the iPhone SE 4 that it is using for the upcoming standard iPhone 16, claims a new rumor coming out of China. According to the Weibo-based leaker "Fixed Focus Digital," the backplate manufacturing process for the iPhone SE 4 is "exactly the same" as the standard model in Apple's upcoming iPhone 16 lineup, which is expected to...
Apple typically releases its new iPhone series around mid-September, which means we are about two months out from the launch of the iPhone 16. Like the iPhone 15 series, this year's lineup is expected to stick with four models – iPhone 16, iPhone 16 Plus, iPhone 16 Pro, and iPhone 16 Pro Max – although there are plenty of design differences and new features to take into account. To bring ...
A widespread system failure is currently affecting numerous Windows devices globally, causing critical boot failures across various industries, including banks, rail networks, airlines, retailers, broadcasters, healthcare, and many more sectors. The issue, manifesting as a Blue Screen of Death (BSOD), is preventing computers from starting up properly and forcing them into continuous recovery...
Israel-based mobile forensics company Cellebrite is unable to unlock iPhones running iOS 17.4 or later, according to leaked documents verified by 404 Media. The documents provide a rare glimpse into the capabilities of the company's mobile forensics tools and highlight the ongoing security improvements in Apple's latest devices. The leaked "Cellebrite iOS Support Matrix" obtained by 404 Media...
Apple is seemingly planning a rework of the Apple Watch lineup for 2024, according to a range of reports from over the past year. Here's everything we know so far. Apple is expected to continue to offer three different Apple Watch models in five casing sizes, but the various display sizes will allegedly grow by up to 12% and the casings will get taller. Based on all of the latest rumors,...
If you have an old Apple Watch and you're not sure what to do with it, a new product called TinyPod might be the answer. Priced at $79, the TinyPod is a silicone case with a built-in scroll wheel that houses the Apple Watch chassis. When an Apple Watch is placed inside the TinyPod, the click wheel on the case is able to be used to scroll through the Apple Watch interface. The feature works...
