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Sprint stops T-Mobile bid, CEO Dan Hesse may be replaced

Sprint has announced that it will stop trying to purchase T-Mobile in the face of regulatory pressure

By Shane McGlaun | Aug 6, 2014 05:28 am CDT

Sprint has been wooing T-Mobile for a while with Sprint actively looking to purchase the smaller carrier. Regulator opposition was strong since regulators in the US have been clear on several occasions that they like four major US carriers. Tuesday, Sprint announced that it has decided to stop trying to purchase T-Mobile and will move on alone.

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Rather than beefing up subscriber numbers by purchasing T-Mobile Sprint will now buckle down and try to add subscribers with better service. Sprint has reported losses every year since 2007. AT&T's bid to purchase T-Mobile was blocked by the FCC and regulators three years ago.

People familiar with the goings on at Sprint also say that CEO Dan Hesse will be replaced and that he could be replaced as soon as this week. A purchase offer by a French carrier Iliad was turned down by T-Mobile with execs saying that offer was dead on arrival.

Shane McGlaun

ABOUT THE AUTHOR - Shane McGlaun

Shane is a long time technology writer that also covers lots of entertainment, cars, science and other topics that are suitable geeky. Shane has been writing full time for over a decade. Shane will cover all sorts of news for TweakTown including tech and other topics. He wrote for TweakTown in the past covering tech news and laptop computers among other things. When not writing about all things geeky, he can be found at the track teaching noobs how to race cars.

NEWS SOURCE:online.wsj.com

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