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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 on Nov 4, 2017 01:13 pm CDT - 0 mins, 37 secs reading time

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."

Derek Strickland

ABOUT THE AUTHOR - Derek Strickland

Derek is absorbed with the intersection of technology and gaming, and is always looking forward to new advancements, whether it's VR with the Oculus Rift or Augmented Reality. With over six years in games journalism under his belt, Derek aims to further engage the gaming sector while taking a peek under the technology that powers it. He hopes to one day explore the stars in No Man's Sky with the magic of VR.

NEWS SOURCE:wsj.com

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