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Sprint and T-Mobile cancel merger plans

Sprint and T-Mobile are now longer mergering, and cancel their plans for a joint union

By Derek Strickland from Nov 4, 2017 @ 13:13 CDT

After months of negotiations, the monumental Sprint-T-Mobile merger has been cancelled.

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According to latest reports from The Wall Street Journal, Sprint and T-Mobile won't be combining forces after all. Japan's SoftBank consortium, which serves as Sprint's parent company, has made good on past reports of calling off the deal. T-Mobile recently proposed new terms in a bid to keep the deal active

"Sprint and T-Mobile Calling Off Merger," The WSJ reports. "SoftBank To Buy Additional Shares of Sprint in Open Market."

NEWS SOURCES:Wsj.com


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