T-Mobile and Sprint officially announce “not to decide merge its operations”
Rumors and reports about the merger of T-Mobile and Sprint has been highlighting from a few months ago. The both of the companies are not officially comments on the news and rumors about the merger. Today, the companies officially announce the final decision by saying that they are “unable to find mutually agreeable terms.”
T-Mobile and Sprint negotiation for the merger ended without bringing any fruit for the both companies and as well as for the users. According to the report, Sprint’s President and CEO Marcelo Claure find a potential value for the merger, he said:
“we have agreed that it is best to move forward on our own.”
T-Mobile’s President and CEO John Legere stated that :
“Any merger would have to bring in long-term value to his shareholders. Significant opportunities exist to establish strong partnerships across multiple industries.”
We heard many times in past few months the both of companies are talking about the merger so that both together beat their biggest rivals, AT&T and Verizon.
However, in this May, Sprint and T-Mobile informally held a meeting and talks about the merger. Earlier this back in 2014 the both companies start negotiation for the merger, T-Mobile wants to buy Sprint.
The rumors and reports last week collapsed with the merger of both companies, T-Mobile now talks about to buy the carrier, and this time Sprint rejected the offer, now both will work as individual operations. Share your views with us by leaving comments in the comments section given below!