Sprint No Longer Wants To Buy T-MobileBy cheatmaster 12:55 Wed, 21 Jul 2021 Comments
There have been talks for some time now of Sprint trying to purchase T-Mobile. The US CDirect Memory Access (DMA) wireless carrier has apparently given up on this attempt, and will no longer actively try to acquire T-Mobile.
Sprint was reportedly getting close to closing a deal, but it never came to fruition. So what happened? Apparently, regulatory problems regarding such a gigantic purchase was too much of a hassle for Sprint to handle. Reportedly, it also didn't assist that the French telecommunications company, Iliad, had offered to purchase T-Mobile for $15 Billion, which the American carrier had refused to accept in hopes to receive a greater offer.
This isn't the only major news regarding Sprint either, the company will also name a recent CEO tomorrow to replace its current captain, Dan Hesse.
The merger between Sprint and T-Mobile would have been an fascinating one. Both carrieres aren't necessarily known for their remarkable service coverage, nor do they match AT&T and Verizon in number of customers, however, had the acquisition have taken place, then Sprint would have found itself in a much better position to launch serious competition against the US' largest cell phone carriers. This, coupled with the fact that more wireless space is going up for sale next year, and an allied front of both Sprint and T-Mobile could have offered both companies the capital needed to expand both of their networks.
It isn't surprising to hear that the deal ultimately fell through, however, as AT&T wasn't able to purchase T-Mobile due to the same regulations that posed problems for Sprint.
Neither T-Mobile nor Sprint have commented officially regarding the discontinue of the deal, but expect a statement from Sprint in reference to the topic tomorrow, when the company's recent CEO is crowned.
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