+ Reply
Results 1 to 5 of 5

Your favorite Apple, iPhone, iPad, iOS, Jailbreak, and Cydia site.


Thread: Sprint Reportedly Drops its Bid to Buy T-Mobile USA

is a discussion within the

iPhone News

forums, a part of the

General iPhone

section;
...
  1. #1
    MMi Staff Writer Akshay Masand's Avatar
    Join Date
    Sep 2011
    Location
    New York City
    Posts
    3,948
    Thanks
    3
    Thanked 123 Times in 108 Posts

    Default Sprint Reportedly Drops its Bid to Buy T-Mobile USA


    According to The Wall Street Journal, Sprint appears to be abandoning its plans to purchase T-Mobile USA. The wireless carrier and its parent company, Softbank, believe it would be too hard to gain the regulatory approval required for the deal to go through. The official announcement is said to be made soon.

    For those of you who didnít already know, news of Sprint working on a potential acquisition of T-Mobile USA originally surfaced last December. The $20 billion deal would have been subject to a large amount of regulatory scrutiny though. The US Department of Justice even met with Sprint board members and expressed concerns regarding the merger. According to the US antitrust authorities, four national carriers were needed to maintain a competitive market; therefore the merger was not one that was condoned.

    According to the folks over at Bloomberg, Sprint will also be announcing a new CEO in the near future as the current CEO, Dan Hesse, is set to be replaced following the failed merger. This appears to be the second time a T-Mobile purchase has fallen through. Previously, AT&T attempted to acquire T-Mobile but the deal fell through after the FCC and the Department of Justice blocked it.

    Source: Bloomberg, The Wall Street Journal

    Twitter: @AkshayMasand

  2. #2
    iPhone? More like MyPhone Jozelito617's Avatar
    Join Date
    Dec 2012
    Posts
    184
    Thanks
    30
    Thanked 35 Times in 31 Posts

    Sprint buying tmobile **** that be great!!! Awesomeness!!! T-mobile has close signal to verizon well here in boston .. Sprint suckz I have it but my wife has t-mobile always 5 bars... Good cheap plan .. Everything unlimited for that I'm paying.. Lil to much .. O well


    Sent from my iPhone using ModMyi

  3. #3
    What's Jailbreak?
    Join Date
    Jun 2014
    Posts
    11
    Thanks
    0
    Thanked 2 Times in 2 Posts

    Thank goodness. I couldn't foresee anything good out of that merger.

  4. #4
    Livin the iPhone Life steve-z17's Avatar
    Join Date
    Sep 2007
    Location
    Utah
    Posts
    2,246
    Thanks
    91
    Thanked 141 Times in 121 Posts

    Saw this coming a mile away...

  5. #5
    iPhone? More like MyPhone
    Join Date
    Nov 2011
    Posts
    199
    Thanks
    1
    Thanked 15 Times in 14 Posts

    Shoot one one needsto buy sprint cuz it sucks .


    Sent from space

Posting Permissions
  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts