Sprint reportedly calling off T-Mobile merger talks
Sprint and T-Mobile may not end up together after all — at least not in the immediate future. According to Nikkei, Sprint’s owner, Softbank, plans to call off merger negotiations with T-Mobile because the two companies can’t agree on what ownership of the combined business would look like. The two companies have been in talks for months, and Softbank had hoped to combine the two companies as early as 2013.
Since T-Mobile has over 10 million more US phone subscribers than Sprint, it had been widely assumed that the combined company would primarily be owned by Deutsche Telekom, T-Mobile’s parent company. It sounded like Softbank was fine with that, but according to Nikkei, it’s not. Softbank’s board reportedly voted on Friday not to give…
