Menu
Report: Sprint gives up on pursuit of T-Mobile USA

Report: Sprint gives up on pursuit of T-Mobile USA

Newspaper reports cite difficulty getting regulator clearance

Sprint is giving up its plan to acquire T-Mobile USA and will name a new CEO as soon as Wednesday, according to several news reports.

Sprint, the number-three U.S. carrier, had been looking to buy fourth-placed T-Mobile as a way to compete better against Verizon and AT&T, which are both much larger rivals.

But Sprint, which is owned by Japan's Softbank, has abandoned the plan because it thought it would be too difficult to get approval from U.S. regulators, sources told The Wall Street Journal, Bloomberg News and The New York Times.

The deal would have removed a small but important player from the U.S. mobile telecommunications market, and for that reason many had suspected the Federal Communications Commission and Department of Justice would seek to block it.

While T-Mobile is the smallest of the major carriers, its aggressive price cuts and no-contract service plans have helped keep competition alive in the market.

Last week it emerged that a French telco, Iliad, was also interested in buying T-Mobile, although reports have said the deal is unlikely unless Iliad makes a substantially better offer. A deal with Iliad would be less likely to face opposition from regulators.

In a move that's likely related, Sprint will name a new CEO as early as Wednesday, Bloomberg News reported. Current CEO Dan Hesse has been in charge at Sprint since 2007.

Martyn Williams covers mobile telecoms, Silicon Valley and general technology breaking news for The IDG News Service. Follow Martyn on Twitter at @martyn_williams. Martyn's e-mail address is martyn_williams@idg.com


Follow Us

Join the New Zealand Reseller News newsletter!

Error: Please check your email address.

Tags business issuessprinttelecommunicationCarriersT-Mobile USAMergers and acquisitions

Featured

Slideshows

Kiwi channel comes together for another round of After Hours

Kiwi channel comes together for another round of After Hours

The channel came together for another round of After Hours, with a bumper crowd of distributors, vendors and partners descending on The Jefferson in Auckland. Photos by Maria Stefina.​

Kiwi channel comes together for another round of After Hours
Consegna comes to town with AWS cloud offerings launch in Auckland

Consegna comes to town with AWS cloud offerings launch in Auckland

Emerging start-up Consegna has officially launched its cloud offerings in the New Zealand market, through a kick-off event held at Seafarers Building in Auckland.​ Founded in June 2016, the Auckland-based business is backed by AWS and supported by a global team of cloud specialists, leveraging global managed services partnerships with Rackspace locally.

Consegna comes to town with AWS cloud offerings launch in Auckland
Veritas honours top performing trans-Tasman partners

Veritas honours top performing trans-Tasman partners

Veritas honoured its top performing partners across the channel in Australia and New Zealand, recognising innovation and excellence on both sides of the Tasman. Revealed under the Vivid lights in Sydney, Intalock claimed the coveted Partner of the Year 2017 (Pacific) award, with Data#3 acknowledged for 12 months of strong growth across the market. Meanwhile, Datacom took home the New Zealand honours, with Global Storage and Insentra winning service provider and consulting awards respectively. Dicker Data was recognised as the standout distributor of the year, while Hitachi Data Systems claimed the alliance partner award. Photos by Bob Seary.

Veritas honours top performing trans-Tasman partners
Show Comments