T-Mobile and Sprint finally, officially, say they definitely won’t merge.
T-Mobile USA and Sprint today finally gave a definitive answer about whether they will merge, saying that the companies have stopped negotiating and will remain independent entities. The wireless carriers "were unable to find mutually agreeable terms" and want to "put an end to the extensive speculation around a transaction," they said in a joint announcement.
Over the past few weeks, there have been numerous merger updates from anonymous sources. Initially it seemed the merger was almost a done deal. Merger talks then seemed to break down, only to be revived again a couple days ago.
But none of those rumors were confirmed by the companies' chief executives. That changed today when T-Mobile CEO John Legere and Sprint CEO Marcelo Claure both said that there won't be any deal.
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