WSJ: Sprint, T-Mobile merger is off

sprint-store-nyc.top

“And there was much rejoicing.” The Wall Street Journal reports that Sprint has decided to give up its plans on merging with T-Mobile. According to its anonymous sources, both SoftBank and Sprint feel that winning the approval of U.S. regulators will be too difficult.

Sprint had been working on a bid for T-Mobile for months while studying regulatory opposition. Officials at both the Justice Department and the Federal Communications Commission had signaled early on they were happy with the number of wireless carriers and feared further consolidation of major players would harm consumers.

The FCC and DoJ haven’t made secret the fact that they both like a system where four major wireless carriers are in competition with each other, and convincing them that a bigger 3rd carrier would be better than 2 smaller ones was always going to be a challenge. The site claims that an announcement will likely be made tomorrow (Wed, Aug 6) morning. Sprint still feels consolidation is a possible route at some point in the future, but almost certainly not in form of a major transaction with T-Mobile.

We’re yet to see if this result will effect Iliad’s pursuit of T-Mobile US, or if the French carrier already knew about the impending collapse before any of us did, causing it to bid a much lower sum.

Source: WSJ

Tags: , , , , , ,

  • Austin Ferguson

    in before the YAY, WOO!, YES! lol

    In other news.. Lets let comcast merge TWC and Verizon get away with gouging customers. LOL

  • TOMinLQ

    Anyone know the breakup fee ($ and spectrum) that Sprint will owe TMO? ‘Failed Mergers’ is become a net income generator for TMO.

    • taron19119

      sprint doesn’t Oh T Mobile nothing Sprint never officially bid for t-mobile

    • detbradlee

      Was reported as $2B if the deal didn’t get approved. Uncertain if this triggers it.

    • Cam Bunton

      The breakup fee doesn’t apply here. The deal was never announced. They had all the financing and terms in place, but having tried to iron out their arguments to put forward to the FCC and DoJ, they decided not to go ahead. At least, that’s the way it seems.

      Whatever the truth, there won’t be a break-up fee.

    • Hiro

      I don’t think it counts, as no deal was officially put forth and agreed upon like AT&T. I believe that was in the instance where the two agreed, and the government stopped it.

  • SuckIT

    HAHA Take THAT Sprint Trolls/ Fan Boys!

  • Cam Fas

    Hope it’s true

  • Pitahson

    **cries**
    **passes out with smile on face**

  • Perhaps Iliad priced TMUS right at $33 per share. Hopefully, given DT’s determination to butt out, Iliad may find a financial partner to improve its offer a bit. As long as it, a maverick providing quality services at a low cost in France, doesn’t partner with yet another American cartel to bid for TMUS. That would be a Trojan horse against consumers and possibly against Iliad itself. After all, any American conglomerate has a collection of politicos in their pockets to make life in the partnership difficult for Iliad.

  • Cam Bunton

    Everybody watch Sprint’s share price for the next 12 hours… ;-)

    • Seth

      T-Mobile is down more in after hours trading than Sprint. 7.11% vs. 6.59% as of this post. Having Softbank walk away is great for the customers, it isn’t for DT and T-Mobile in the short run.

    • Both S and TMUS are down 12 and 9% after hours, respectively.

      • Roger Sales

        Where do you check afterhours? I usually just watch the stocks app on my iPhone.

        • Seth

          Nearly any finance site will have after hours quotes. For example both Yahoo and Google’s finance sites will show after hours quotes.

    • Roger Sales

      Sprint used to be valued around 33B, With T-Mobile at 25B. Now they’re nearly neck and neck (T-Mobile at 27.3B, Sprint at 28.72B). Looks like things at S are officially in turmoil.

  • GreatNews

    Now I am soooooo happy that this eneded! Now we T-Mobile customers could rest free that nobody will take us away!

  • Austin Ferguson

    oh by the way… https://twitter.com/emilychangtv/status/496793616749441024

    so bloomberg goes further to say Hesse is out?!? lol GONNA be a great day tomorrow..

  • CalicoKJ

    Happy happy joy joy! Best news all day :)

  • chris

    Wouldn’t surprise me if DISH will try to go after T MOBILE !!!

    • elthesensai

      Google! I hope it’s Google.

      • chris

        Why Google ?

        • Justin Merithew

          Google has been thinking about getting into the carrier business for a while. Most likely scenario was them being a virtual carrier like Straight Talk, but buying Tmo would give them a solid customer base and coverage.

          I also don’t think iPhone fans would have to fear either because they still have people using their services on iOS, they just miss out on some Play Store revenue.

        • Danny Lewis

          It might be easier for them to be an MNVO than to try and buy T-Mo… but finally we’d get our Google Voice integration!

        • elthesensai

          They support an open internet is my biggest reason. Mobile does as well right now but that can change since they sell data. Google has a lot to gain from keeping the internet open.

    • BillSmitty

      I hope someone buys DT’s stake, this is getting ridiculous and is a distraction for the company. DT wants out to fund their Euro operations and as much as I love TMO, they still need to get their coverage under control. It really is spotty at best outside major cities compared to others, especially Verizon. I guess you get what you pay for service-wise.

  • elthesensai

    Forget about iPhone 6…. This is the biggest and best tech news I’ve heard in a while.

  • 0h thank god, I thought Sprint/SoftBank were actually stupid enough to
    drag this on forever before getting rejected. All is right in Uncarrier land. :)

    • Bryce

      It was never rejected. Softbank backed out on their own. That means no breakup fee, nothing for DT or T-Mobile.

      • I never said it was. lol I’m assuming you misunderstood my hypothesis if they “had” dragged it on and gone through with it or meant this for another comment.

        • Bryce

          Whoops! I just reread it and I get it now.

  • Daniel Darnell

    Also now being reported is Sprint has fired CEO Dan Hesse and a new CEO for Sprint could be announced as early as tomorrow.

  • besweeet

    Best headline of the day!

  • notyourbusiness

    Good riddance, Sprint and Softbank!

  • sushimane

    Heck yeah!!!!!

  • 0neTw0

    Hip hip hooray, Hip hip hooray, Hip hip hooray!!!!!!!!!!!!!!!!!!!!

  • ” J.D. “

    ” GREAT NEWS ! ” ,,/(òÓ,),,/

  • S. Ali

    Sprint CEO maybe gone too…..I wonder if Masa Son got Legere to sign a new contract with them, or putting John Saw in charge.

    • DirkDigg1er

      Sprint plans to name Marcelo Claure, the founder of mobile-phone distributor
      Brightstar Corp., as its new chief executive officer, according to two people familiar with the matter.

      The appointment of Claure, a board member at Sprint and the CEO of Brightstar, will be announced as soon as today, said the people, who asked not to be identified because the plans are private. Both companies are controlled by SoftBank Corp. (9984) Claure will replace Dan Hesse, 60, who has led the third-largest U.S. wireless carrier since December 2007.

  • Dustydawg

    The hamster is new SPRINT CEO

  • CE_Everett

    My only question is does this mean T-Mo gets the $2 Billion break-up fee? It was more cut and dry with AT&T but not sure when the break-up fee applies.

    • taron19119

      No t-mobile doesn’t get a break up fee

    • Kidney_Thief

      The breakup fee only applies when you begin going through the regulatory process and one of the regulatory bodies puts and end to the merger. T-Mobile and Sprint never started going through the regulatory process to begin with, so no breakup fee.

      • Dave RIP

        Actually, it has more to do with a formal agreement to buy T-Mobile, which doesn’t exist. No contract, no break-up fee. Hypothetically, the govt could have approved the merger, sale, whatever, and SoftBank, if it had a contractual offer, then, if it decided to walk away, would still owe any break up fee. Regulators don’t determine break fees, contracts between the two companies would have.

    • dtam

      there was never any official agreement to merge

  • Jose Hernandez

    If only T-Mobile US could start buying the Shares that DT has. I would love for them to be their out company without DT influence.

    • They’re getting to the point where they could actually do just that. :)

    • Kidney_Thief

      I’d love that, too, but with the impending spectrum auctions, it’s more responsible for T-Mobile to use the money they have to buy more spectrum.

      • Jay Holm

        I want T-Mobile to get 10mhz of 600mhz nationwide, no less than nationwide! Don’t settle for just the top 30 markets.

        • xmiro

          given the resistance by many TV stations we’ll have to wait until the auction is scheduled to know what’s up. And any potential lawsuits arising after that

          And even after the 600Mhz auction it will be years before that spectrum goes live

    • Hiro

      Hmm.. this is a good idea

    • Moby

      They don’t have any money to do that.

      • xmiro

        they don’t have money? How do you think T-Mobile US is surviving now? DT used to drain them and use the money to run their operations in Europe

        • Moby

          If you knew how to read a balance sheet you would see they only have $3 billion cash while having $16.8 billion in long term debt. And most of that long term debt is owed to DT. So no, they don’t have money to buy DT’s shares. DT made sure to pile on as much debt as possible and let the new owner deal with it.

  • Hiro

    I’d rather see Seattle-based Amazon or Redmond-based Microsoft buy out the Bellevue-based carrier. But then again, I’m from this area so of course I’d love to see locally-based companies buy it over companies not from the area.

    • Kidney_Thief

      Amazon has proven they can’t make phones and Microsoft hasn’t proven they can make a product that sells, so neither is a really great option.

      • Adrayven

        Agreed.. and REALLY don’t want to see AMAZON do it.. we’d all end up with crapy FIRE PHONES.. pffff.. They’d try to overrun us with ads and track everything we’d do..

        Microsoft wouldn’t even consider it.. Wireless has never been on their radar.

        • Bilesha Welton

          It is now. “Mobile first, cloud first.”

      • bob90210

        “Microsoft hasn’t proven they can make a product that sells”

        You must be referring to a different Microsoft; one that does not have $350 billion in market cap and $86 billion in yearly revenue.

        • Kidney_Thief

          You must be mistaking the 2.7% market share of Windows Phone for being really awesome.

        • bob90210

          I have no clue what your point is. Microsoft does sell; they have the numbers to prove it. Of course, not all of their stuff sells well but they have many products that do. Showing the marketshare for one product does not show that “Microsoft hasn’t proven they can make a product that sells.”

        • Kidney_Thief

          The point I was trying to make, and I apologize for being obtuse, is that Microsoft doesn’t really know what consumers want. Most of their revenue comes from providing commercial cloud and database services, etc., where they’ve proven they have a pretty good idea of what they’re doing.

          Windows Phone hasn’t and continues to not sell well, the Surface still hasn’t sold more than a million units in any quarter, and you don’t have to look very far to figure how people feel about Windows 8. The only consumer product that’s doing well for them is the XBox. I, personally, wouldn’t want T-Mobile, a company that has proven they know what consumers want, to be controlled by a company that has proven they either don’t know, or don’t care, what real people want.

        • I agree,i’ve had every version of Windows mobile they’ve sold. I have to say 8.1 has the most apps so far,but, they still aren’t listening to customers. We’d like to customize our phones,and with REAL wallpapers not some “Windowing” wallpaper. Widgets would be nice or much better live tiles. Apart from that, 8.1 is absolutely the best Windows OS so far. Still needs work but its nice. They should’ve bought WebOS,that would’ve saved them from starting from scratch and it was a good OS.

        • Bilesha Welton

          Personally I feel that Windows Phone 8.1 is better than webOS but to each their own.

          I think Microsoft listens to its customers (look at UserVoice forums and you can see it). The problem with Microsoft is, as big of a fan of the company as I am, that they move too slowly to implement important things.

          Thankfully, the new CEO has them speeding up and it’s a completely different Microsoft than it was a year ago. Case in point, Windows Phone 8.1 was just released two months ago and we already have access to Windows Phone 8.1 update 1. Things should continue to speed up, then all it’s going to take is for Microsoft to make the right decisions regarding which features to implement.

          As for developers, 27% are interested in developing for Windows Phone that haven’t before, which is the highest it’s ever been, so the apps will be coming over the next year. I can’t wait to see where they are and where my beloved Windows and Windows Phone OS is a year from now.

        • Windows Mobile OS is better now,but when WebOS was up for sale from HP, it was a better Mobile OS & had way more apps. Mostly because WebOS is so close to Android,developers could easily code for both and there was even a way so convert APK files(native android format) to IPK files (WebOS file format). As of now WebOS is running LG’s TVs and Other electronics. I suspect though,that with the popularity of their smart phones starting to get stronger,we could see a WebOS LG phone(Or at least I hope so).

        • Bilesha Welton

          I wouldn’t be too sure about a webOS phone anytime soon. We’ll see a Tizen Galaxy phone from Samsung before we see a webOS phone from LG IMO

        • vrm

          they had a monopoly handed to them by ibm- a monopoly that is becoming irrelevant.

        • DirkDigg1er

          M$ current sales are through closed tech and ligation not innovation.

          *Where did I mention android licensing solely? Windows, Office, licensing, & server revenue.

          Source: http://www.microsoft.com/investor/EarningsAndFinancials/Earnings/PressReleaseAndWebcast/FY14/Q4/default.aspx

        • xmiro

          get your shit right, android licensing is around a $1 billion, so now tell us where the other $85 billion in revenue per year comes from

      • Jay Holm

        As far as I’m concerned, Microsoft is a company of the past! No one wants Windows Phones.

        • Bilesha Welton

          I guess I and nearly 100 million other people count as “no one.” Thanks for that.

        • notyourbusiness

          Yup. Ditto here. I’ve bought two Windows Phones from T-Mobile. My friend has bought three. Another friend of mine helped her boyfriend get his mom a Nokia Lumia 521. Guess we’re all “no one” as well.

      • heh

        80 million Windows Phone customers would disagree.

      • izick

        Ugh yeah… Let’s ask how many organizations and people are interacting with at least 1 Microsoft product a day and I’d say that far outweighs ANY other tech company’s portfolio. Office, Windows, Windows Phone, Exchange, Outlook/OWA, Server, POS, OneDrive… You get the point. Microsoft is silently still killing it, without the need to make a bunch of noise in one area doing so.

    • vrm

      sprint would be preferable to m$.

    • izick

      Search or say “Ok Google”

  • calvin200

    Asking for thumbs up or down here. Is it possible that this could be a ploy to get all that juicy spectrum at the auction and then reignite this later? Facts not feelings please. Don’t vote up or down because you want it to happen do it because you think it is likely/possible (thumbs up) or not likely (thumbs down).

    • Kidney_Thief

      That’s an awfully long con. Honestly, by the time the 600 MHz auction wraps up, Sprint and T-Mobile are going to be in completely different places.

    • VG

      I’d say this is a possible explanation. Perhaps they want to wait for the next president and his/her administration who may view a consolidation of Sprint and T-Mo more favorably.

  • Bryan Pizzuti

    Good news. Let T-Mobile continue to grow, maybe they’ll offer to buy Sprint next.

    • MarkGoyette

      Why buy sprint, just take their customers, seeing that sprint can’t seem to get new customers from the ones abandoning AT&T and Verizon.

    • dtam

      I think you will still face the same issues except TMUS will be forking over the money

    • calvin200

      Sprint customer here. I really don’t care who owns what just give the big two a challenge Please.

  • kbron

    Thank God! We never wanted anything to do with Tmo!!!! Yay..

    • Romdude

      Right back at ya. Where I am, sprint only has 3g, slow 3g at that.

      • Mike Palomba

        I agree 100% I just switched from Sprint and I couldn’t be happier that they canceled the merger. The only thing that would’ve been better is the merger being blocked and T-Mo getting 2 Billion

  • jacky

    we should celebrate. sprint blows goats. t mobile is awesome.

    • Goat

      Heeeeeeyyyy….

      • jacky

        i mean sprint blows hamsters, thats why sprint network is powered by hamsters on wheels. :)

  • dtam

    oh well, no free $2 billion

  • Parfanity

    As a T-Mobile employee for 6 years I have to say I’m not surprised. I started with the company in 2008 and internally it was such a exciting company to work for. My faves was big my first year alone I commissioned 2 to 3 a month with even trying. By 2010 it was starting to slow down and 2011 was the worst year for the company. I remember once the merger was announced customers were leaving by the masses and internally a lot of tenured people left. My commission was barely 1 grand and this lead into 2012. 2013 was definitely a year of healing from 2011 and I began to see the company come back from the dead. 2014 reminds me of 2008 ..there’s excitment, the money is back and Sprint merger was ignored. Were the real deal .. Were reestablished and I think as of 2nd quarter the number 3 carrier. Sprint is where T-Mobile is in 2011 I only hope they can turn it around. We don’t need a merger, T-Mobile and Sprint can join forces as 2.

    • Parfanity

      Seperate companies and aim their marketing towards the big 2 and not at each other . Sprint needs to position themselves as a alternative to Verizon and T-Mobile already does with AT&T while putting metro against leap

      • izick

        What’s Leap? Oh, oh, oh you mean that company that hasn’t existed in months… I get it.

        • Parfanity

          Lol Leap doesn’t exsist but Cricket still does so it would only make sense that Metro which is run and owned by T-Mobile would be pitted against Cricket which is run and owned by AT&T which is exactly what I was saying in my comment. No need to be a smart a$$

    • kalel33

      The tenured employees didn’t leave of their own accord. They were fired left and right to whittle down the amount of people that AT&T would have taken on and the first to go were the highest paid(most tenured) employees.

  • Bull Winkle

    Sorry, Sprint. I guess you can’t buy off the competition that was causing a price war. You’ll just have to deal.

  • Who wants a Four Loko & some Ld?

    • NinoBr0wn

      I don’t want none of that but I’ll take a shot of Jaeger.

      • silverhawknike

        And I’ll take a shot of fireball too :)

  • vinnyjr

    very long time T-Mobile customer who is very happy Sprint is out. Sprint with it’s terrible network would have dragged T-Mobile down. I would be thrilled if they got more support from their European brothers.

    • Techngro

      I would upvote your comment, but I see you’re a Patriots fan. Go Jets. :)

  • Jamison Shaw

    Good. Now they can both work the hard way and get their networks to where they should be. Tmobile and sprint can still work together to being competitive to Verizon and Death Star, but they don’t have to be merged… Glad it is ending this way.

    • maximus1901

      How are they gonna work together without colluding? DOJ will come on them like a ton of bricks if they “work together”

      • Roger Sales

        Roaming deals in areas they don’t service, etc. through voLTE all things are possible.

        • maximus1901

          They should’ve done a network sharing deal instead of a merger.

        • Roger Sales

          It’s still possible, although I see US Cellular as being a more viable roaming option for T-Mobile in the future.

        • DirkDigg1er

          That’s definitely possible. My only worry is if they’ll cap LTE roaming under 1gb

        • Jamison Shaw

          All of sprints agreements with the RRRP Providers are treated as native sprint coverage. I don’t see why Tmobile would be treated any differently.

        • xmiro

          there’s no VoLTE Path for CDMA networks like Sprint

        • izick

          This is completely untrue. Who told you this? Do you remember MetroPCS pre-TMUS?

        • Roger Sales

          everyones moving toward voLTE sooner rather than later, CDMA is on it’s way out probably by 2020. It’s not something that will happen overnight, but companies like US Cellular and Sprint will soon be able to make deals with companies they previously couldn’t(AT&T, T-Mobile) – and I suspect it will help lower roaming fees because the big boys won’t be the only show in town when it comes to service under a certain technology

        • KingCobra

          It doesn’t help much since much of TMO and Sprint’s coverage overlaps.

        • Roger Sales

          There are tons of more rural areas of states that the other can offer to each other. Sprint particularly has some native coverage in the midwest(Iowa, Michigan,Illinois, Nebraska) and West texas where T-Mobile has nothing, and T-Mobile has some Minnesota, California and a LOT of Arizona, New Mexico, Idaho, Washington where Sprint has no native coverage.
          http://www.pcmag.com/article2/0,2817,2459164,00.asp

  • good Sprint gtfo

  • Wilfredo Martinez

    I hope this is true!

  • izick

    My assumption is that they’re holding off for a more anti-regulatory administration to enter D.C. before they try to make this happen. It’s a smart move, in my opinion. I also say they wait until after the spectrum auction, because they will never have to give up (in a merger) as much as they would lose out on by going at it as one company. This is just a smart move. Calling it.

    I will say that if Hesse is leaving, it’s the sign of the end of the merger talks, for now. It’s how he said he wanted to retire, being replaced by John. Well, once he realized that day wasn’t coming as soon as he wanted it to, he had to step aside for someone else. He’s over 60 years old.

    • BillSmitty

      Hesse’s out. Marcelo Claure from Brightstar will be coming in. Now, what will DT do with TMO?

      • Romdude

        Actually run it and invest in it? Oh well, one can dream.

      • gadget_hero

        I would love to see another reverse merger with US Cellular and T-Mobile, with DT further shrinking its share and maintain its lesser ownership. It would be foolish for them to get out of a growing business unit.

        • calvin200

          Where do we get this “reverse merger” talk from and how does it apply to any of this?

        • gadget_hero

          It was my opinion, it apply’s as a lot of people are discussing future plans, and US Cellular has stated its open to consolidation and T-Mobile is really rocking the MetroPCS integration really well. Not to mention USC has A block 700MHz further expanding that sweet low band goodness allowing T-Mobile to really begin to take the fight to $T and $VZW

        • calvin200

          But how would T-Mobile buying US cellular be a reverse merger?

        • gadget_hero

          Well that is how the MetroPCS/T-Mobile deal was structured. And I figured DT wants to sell T-Mobile so US Cellular would “buy” X% of T-Mobile from DT (reducing DT’s stake and shrinking the debt like the Metro deal did because lets be honest DT drained T-Mobile of a lot of money back in the day), The combined company would take the identity and executive team of T-Mobile. They would migrate all subs to T-Mobile’s network and shut all of what they could not use of US Cellular’s network.

        • calvin200

          So you’re taking about who would buy whom, but t-mobile would still run the show. I’ve heard this talk on here before, but my understanding is a reverse merger needs a private company that is going public.

        • iShart4

          Dude, you get the point. Structure let the lawyers worry about. People shouldn’t use words they really don’t understand. I’m not saying just you so nothing personal. But the point, the main point is USC and TMO combining.

        • calvin200

          It’s not that it’s incorrect that bothers me as much as it being a side effect of the group speak and echo chamber effect here.

        • Kidney_Thief

          The only reason it was a reverse merger was so that T-Mobile would be owned by a US company, paving the way for them to be listed on the stock exchange. There’s no reason to do another one.

        • KingCobra

          I do think a merger with USC would be great for T-Mobile as it would greatly increase their current spectrum holdings in some areas where they badly need it. They don’t need another reverse merger though, that was just to get listed on the NYSE. It would just be an outright purchase.

      • izick

        Wait. Just wait. Maybe they hope they can stop bleeding money at some point and thus increase their valuation, on top of what I said earlier. Then someone will have to pay them even more.

        I’m kind of interested in this potential new Sprint CEO though. This could have gone from a friendly game to an all out war between #3 and #4. We’ll wait and see in the next episode.

    • NYC33

      Yeah, a more friendly antiregulation administration will take over in 2017 then att will finally grab tmobile.

      • janice

        what? that is irrelevent. att is no longer allowed to pursue tmobile. what are you talking about? please do not make us laugh now. lol fcc/doj or even a newer regulator wont dare approve such deal. get out of here with that crap dude. lol

    • KingCobra

      Probably won’t happen though. A GOP administration taking over in 2016 is pretty unlikely.

  • Elier Ruiz

    Yay!!!!!!

  • Nico

    Ding Dong! The Bid is dead. Which old bid? The Stupid bid!
    Ding Dong! Sprint’s Bid is dead.
    Wake up – sleepy head, rub your eyes, get out of bed.
    Wake up, Sprint’s Bid is dead. She’s gone where the goblins go,
    Below – below – below. Yo-ho, let’s open up and sing and ring the bells out.
    Ding Dong’ the merry-oh, sing it high, sing it low.
    Let them know
    The Sprints Stupid Bid is dead!

    • Bilesha Welton

      I just watched that movie on my Windows tablet today while at the subway. Thanks for getting that song stuck in my head again ;)

      • iShart4

        Huh? What movie? And more importantly, what tablet? Not sure this benefits T-Mobile and Sprint is def the loser here.

        • Techngro

          I think it’s from ‘The Wizard of Oz’ (though i’ve actually never seen the movie or heard the song).

        • thepanttherlady

          It is, just revised a bit for the occasion. :)

        • donnybee

          Lucky guess? Or closet Wizard of Oz fan.. Hmmm

  • shadlom

    And next week it will be back on! Pffff

  • juden

    Good! I prefer seeing T-Mobile to keep its German way being efficient.

  • Wayne Peterkin

    Yes! T-Mobile is staying just the way it is. I hope that they do gain more costumers and are able to continue improving while keeping their aggressive pricing and tactics.

  • twicetheprice

    *does a happy dance*

    • Bilesha Welton

      Aww you beat me to it lol

  • Cam Fas

    Does tmobile still get a break up fee

    • calvin200

      no

      • Techngro

        Awwww maaan!

    • Cam Bunton

      No, because there was no break-up. They backed out at the last minute before putting pen to paper on the terms.

  • xmiro

    network and spectrum sharing like EE in the UK would be an obvious next step to reduce capex, though it won’t be easy

    • Cam Bunton

      In what sense? Orange and T-Mobile in the UK merged in to one company: EE. The two old individual carrier brands are gradually disappearing. We already know that it can’t happen with Sprint and T-Mo…

      • xmiro

        Not merging brands, just the network hardware and locations.

        Right now Sprint and T-mobile are each on ~55000 towers, instead both can be on 55000 locations, use the same hardware and split the cost 50/50 for hosting, etc.

        Just like what they planned with the joint bidding for 600Mhz. A joint venture, with T-Mobile handling the network

      • maximus1901

        Sigh. Your lack of knowledge about your own market is embarrassing. 3UK and EE have a network sharing deal. Google it. MBNL.

  • Bilesha Welton

    Yay!! :D *does happy dance*

  • Laststop311

    great news now bring on the band 12 devices. I live smack in the middle of a band 12 area.

  • Hurlamania

    I think sprint realised they are about to drop to #4 and waiting a year for approval and getting turned down would hurt them even more so. On the other hand T-Mobile will do better all around when they take the #3 spot The will have more leverage in any future deal(s) , and better value.

  • sushimane

    man just outta curiosity i wonder what softbank/sprint would do with all those financial they got? or would they lose them too

    • Kidney_Thief

      No deal, no financing.

    • tmoguy

      The financing they got approval for was contingent on a T-Mobile buyout, they won’t get any of that money since its not happening.

      • sushimane

        ok thanks.

  • Todd_the_Hunn

    That French company making a play for TMO was a killer for Sprint . The best shot Sprint had was that T-Mobile would just go under wilt away without them . I would have to think this will clear the way for an Iliad acquisition .

  • Jermaine Coakley Sr.

    It’s official: Dan Hesse is out as CEO of Sprint: http://investors.sprint.com/CorporateProfile.aspx?iid=4057219

  • pops87

    So does t-mo get that $2 billion breakup fee thing?

    • Jamison Shaw

      No.

    • Paul

      No. That was if they agreed on everything and went to the chapel to get married. We didn’t make it past the “merging of stuff” part of the relationship.
      It’s for the better…for T-Mobile but not so much sprint.

  • Jamison Shaw

    Fantastic. Now the two can really compete with each other which will ultimately drive prices down and destroy big red and death star. Hopefully Tmobile doesn’t run out of money and spectrum.

    • Matt

      T-Mobile is in much better financial shape.

      • Jamison Shaw

        No….No they’re not lol.

        • tmoguy

          Yes they are. Stop looking at quarterly profits/losses as the sole factor in determining a companies financial position. If T-Mobile gained half as many subscribers each of the last 5 quarters they would have been turning a profit this whole time. Sprint had a nominal financial profit only because it doesn’t cost any money to lose customers.

  • Winski

    Thanks John.. AND, you got Hasse, the most boring CEO of all time, in the process… Go forth and prosper.

    • dtam

      they don’t anymore. Hasse was fired during the same announcement as the deal being dead

      • notyourbusiness

        *Hesse

  • big

    I left sprint for tmobile i couldn’t be happier .
    I wish i would done earlier and I’m saving $20/month and I truly get 4glte speeds.
    Go tmobile!!!!!!!!

  • KingCobra

    Sprint stock is getting hammered over the news. Their market cap is below TMUS now.

    • Roger Sales

      I would start buying up Sprint stock while it’s this low, it’ll eventually get back up to around 30 Billion from where it is now once the dust starts clearing on this fiasco.

  • OnlineRefugee

    Get your head out of the sand. T-Mobile’s rap sheet is quite long. Washington does not like T-Mobile. So anyone trying to get under the sheets with it, that’s a pipe dream.

    Sprint is going 100% prepaid (the way it should be). That’s where the BIG money is. Ask Carlos Slim about the concept.

    • oneiopen

      yeaaa theyre not though

  • GameBoi/KillaBit

    Well Tmo is doing so well, they don’t need them. Sure someone will buy Tmo and that’s cool, but we don’t need a merger. Tmo just needs to work on their coverage and they’ll give the top two dogs a run for their money.

    • Mike Palomba

      True but T-Mo isn’t making as much money as Verizon, ATT, or Sprint. Which is going to make it harder for them to compete

      • superg05

        thats because there rapidly updating the network and paying etfs when the network is near completion there margins will go up

        • Mike Palomba

          Yea I know that Im just saying if someone bought tmobile it may be able to help with the finances. But yes their rapid network expansion and etc payoff program, will way off in the long run

  • ikeepzitreal

    Thank god, and good riddance….

  • Thomas Dylan

    A dozen car companies, a dozen TV manufactures, dozens of computer manufacturers but only 4 phone companies and a couple of cable companies. I’m glad this deal fell thru let them battle it out, start pounding away on ATT and Verizon make ’em earn a living!

  • Kuma

    Thank God, Bye, bye sprint !
    I wish if Apple or google buy T-mobile. What go you guys think?

    • Jamison Shaw

      I don’t think either of them will. Google needs to focus on google fiber and getting that across the country so I can get rid of bright house lol.

      • Timbo1

        Amen to that! Bright House absolutely blows!!