Mobile reportedly makes Sprint a revised offer

Todd Singleton
November 5, 2017

The two companies have said they hoped to find a way of merging to make the wireless market more competitive.

Over the past few weeks, numerous merger updates have bubbled up from anonymous sources. Our filings with the SEC, including our most recently filed Annual Report on Form 10-K, describe risks that could affect our future results. The investment ignited speculation about Son and SoftBank trying to revive merger talks.

But none of those rumors were confirmed by the companies' chief executives. At this point, talk of a merger is between Softbank and Charter, rather than having direct involvement with Sprint.

"The prospect of combining with Sprint has been compelling for a variety of reasons, including the potential to create significant benefits for consumers and value for shareholders", said John Legere, President and CEO of T-Mobile U.S., in a statement.

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"While we couldn't reach an agreement to combine our companies, we certainly recognize the benefits of scale through a potential combination". The company had eyed the Deutsche Telekom company as a way to grow its own footprint in the United States and take on the two big carriers in the nation, AT&T and Verizon.

Legere conveyed to Mr. Claure that T-Mobile and its parent company, Germany's Deutsche Telekom AG, didn't want the deal to fall apart, the report said. The decision to call off merger talks came after a meeting involving the heads of all four companies, according to The Wall Street Journal. It's unclear exactly what measure of control Charter would be able to exercise over Sprint, or over Softbank's other ventures and holdings. With the new Trump administration, it was thought regulators might be more relaxed.

Sprint "look [s] forward to continuing to take the fight to the duopoly and newly emerging competitors", Claure said.

T-Mobile, meanwhile, has been on a yearslong streak adding customers. "We won't stop now".

Other reports by Free-Prsite

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