Sprint Reportedly Drops Bid To Buy T-Mobile, Will Replace CEO Dan Hesse

[JordanWearinThe45]

Softbank-owned Sprint has reportedly changed its mind about buying T-Mobile US, according to the Wall Street Journal. It seems a bit surprising, given the amount of time and energy Softbank CEO Masayoshi Son has put into pursuing the fourth-largest wireless carrier in the US -- committing to buy the company for as much as $40 billion. That said, the alleged reasons behind the decision to withdraw a bid make sense: Sprint faces too much of a challenge getting the deal over the necessary regulatory hurdles. The company likely came to this conclusion after a long series of meetings with government officials, who reportedly expressed concern that such a deal would take a toll on competition in the US wireless industry. Sprint declined to comment, but the Journal reports that the carrier plans to make an announcement early tomorrow.

The report also states that a competing bid for T-Mobile, made by French company Iliad, wasn't considered for very long; the company's $15 billion offer simply wasn't enough for Deutsche Telekom to give it any serious thought. For now, it appears that T-Mobile will continue on its own for quite some time -- and judging by its current growth, it won't be too long before it overtakes Sprint as the third-largest carrier in the US.

Update: Re/Code and Bloomberg are reporting that Sprint will replace CEO Dan Hesse as early as tomorrow; the former claims that Marcelo Claure, the chief of wireless distributor Brightstar, is taking the top spot. Had the deal gone through, however, Hesse was expected to be replaced by T-Mobile CEO John Legere anyway.

http://www.engadget.com/2014/08/05/sprint-tmobile/

I kinda wanted this to go through thinking it would somehow improve T-mobiles service in doors (never had that problem w/ sprint). What ya'll think about this deal not going through? Good? Bad?

 

[Liquid]

I kinda wanted this to go through thinking it would somehow improve T-mobiles service in doors (never had that problem w/ sprint). What ya'll think about this deal not going through? Good? Bad?

Sprint and Improve don't go together.

If anything it would have just hurt T-Mobile.

 

[JordanWearinThe45]

Sprint and Improve don't go together.

If anything it would have just hurt T-Mobile.

I dont know how cellphone mergers really work, but if they merge wouldnt tmobile have access to their towers which would improve cell service/call quality being that sprint has more towers? Thats the only problem I have w/ TMOBB. When i'm traveling sprint worked everywhere, but tmobile goes in and out in the same spots.

 

[Loose]

first AT&T then sprint, Verizon next?

 

[Liquid]

first AT&T then sprint, Verizon next?

Verizon shouldn't even attempt, they will get blocked the same way AT&T did

 

[StatUS]

What's yall problem with Tmobile inside buildings

Works fine for me.

 

[itsyoung!!]

Smart move realistically by both companies.. I see Sprint getting over thrown for 3rd most popular cell service in US in the near future, and theyll need every last dime they have to stay afloat. They need to invest some of those billions into improving their network and standing with potential customers. At this point its impossible for either Sprint or T-Mobile to catch AT&T or Verizon so they need to just drop that dream and battle it out between them selves

 

[VladTheImpaler]

Tmob!

 

[Liquid]

Smart move realistically by both companies.. I see Sprint getting over thrown for 3rd most popular cell service in US in the near future, and theyll need every last dime they have to stay afloat. They need to invest some of those billions into improving their network and standing with potential customers. At this point its impossible for either Sprint or T-Mobile to catch AT&T or Verizon so they need to just drop that dream and battle it out between them selves

T-Mobile keeps this growth momentum going and they will BUY sprint and then catch up to the two evil empires :legoyes:

 

[Mr210]

people on here shyt on sprint but ive been with them 2 years and have had no issues

 

[itsyoung!!]

T-Mobile keeps this growth momentum going and they will BUY sprint and then catch up to the two evil empires :legoyes:

its just going to be the same fcc issues..

The government really wants 4 options, they dont give a damn about the 5th or 6th options shout out to MetroPCS

 

[Hersh]

T-Mobile already passed sprint