Sprint and T-Mobile’s Merger Is Officially Dead [Fortune]
Verizon Communications Inc. (VZ)
Last verizon communications inc. earnings: 4/24 07:30 am
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Source: Fortune
A customer shops for a cell phone at a Sprint store in Miami, Florida. Joe Raedle Getty Images By Jamie Ducharme 11:02 AM EDT T-Mobile and Sprint have ended merger discussions after being “unable to find mutually agreeable terms,” the companies announced in twin statements Saturday. T-Mobile and Sprint had been negotiating for months without success . Sprint Chairman Masayoshi Son, Sprint CEO Marcelo Claure and Tim Höttges, the CEO of T-Mobile parent company Deutsche Telekom made a last-ditch effort to save the merger talks over dinner on Friday night, the Wall Street Journal reports , but were not successful. “While we couldn’t reach an agreement to combine our companies, we certainly recognize the benefits of scale through a potential combination. However, we have agreed that it is best to move forward on our own
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