Home

Share this Story

Breathe a Sigh of Relief, Sprint Abandoning Bid for T-Mobile

sprint tmobile t-mobile

According to sources of The Wall Street Journal, Sprint is to abandon its bid to purchase T-Mobile, after an earlier report claimed that the two companies had agreed on a purchase price back in early June.

From what sources state, the “regulatory challenges” were too steep for Sprint to climb, so without getting in too far over its head, the company has decided against the deal altogether. 

Not only has the deal with T-Mobile fallen through, but Bloomberg reports that Sprint is to announce a new CEO to replace Dan Hesse as early as tomorrow.

Few details are known about Sprint’s move to abandon the deal, but if this merger was one you were hoping not to see go through, it looks like you can rest easy tonight.

Via: Wall Street Journal | @EmilyChangTV
  • G.C.

    I have debated leaving Verizon for TMo for about a year now. Pulled the trigger yesterday and went to a TMo store to get some the sim cards and start my account. Asked the reps there if they’d heard any updates about the Sprint merger, to which they said they hadn’t heard anything. Got home, popped the TMo sim into my Moto X, brought up Google Now, and what’s the first article I see….THAT’S RIGHT. Merger is no more, couldn’t have been happier…although for a second I wondered if Google Now was somehow listening in on my conversation at the TMo store.

  • Keith Taylor

    So since no one thought of this or said it before, I will say it now. Maybe Dish Network I will buy them now, are they still in need of spectrum.

  • Chris

    Never got why so many were up in arms over this. If you took a step back and looked at it from a different angle it could have been a decent deal. Both could have used their money towards improving both networks and expansions. But I guess living in a basement for too long does that for some people,

  • Daistaar

    So no mention of French company Iliad looking to place a majority bid for T-Mobile?

  • coolsilver

    So how much did T-Mobile cash out this time? :D

  • http://idle0095.com/ IDLE0095

    New CEO being announced today for Sprint so that new CEO will then announce a merger agreement between Sprint and T-Mobile.

  • yankeesusa

    Now all we need is for t-mobile to continue their upgrade of current towers and then add some new ones. The question is, where to get the money from.

  • Lunas Eclipse

    Awww I was hoping they would merge and be an actual competition for big red and blue.

  • jer85008

    This is great news. A little dissapointed that TMO won’t get Sprints spectrum, but they can just grab it at auction when Sprint goes under in a year or two.

    • Chris

      Sprint has been around for decades. They are not going anywhere

  • http://404err0r.com/ Henry Park

    Wait so French carrier got denied and Sprint is abandoning ship….
    SO TMO IS STILL TMO… good…

    • Chris

      They would have been regardless

  • monkeybutts

    Good to see there will still be choice in the market place. Hope the FCC can actually do something about AT&T and Verizon dominating the mobile spectrum though.

  • en28so

    They both got pretty bad coverage in rural areas. Example: I’m in a place that it’s called Overgaard right now on vacation, which is in the hills of AZ. I stumbled into somebody that has sprint, and they had no coverage at all! I also have a T-mobile phone on me right now(so that I could test coverage) and my main phone on Verizon. Verizon has had about 85% LTE all 14 hours of my trip(very few areas of 3G and lower speeds), and a very small area in TX with no data(but voice call was possible). So far, since I left San Antonio TX, T-Mobile data has been non existent in about 70% of my trip(some parts were only on 2G) and calls were possible. T-Mobile did have LTE again in El Paso and some parts of New Mexico. Once we entered the rural areas of the Arizona mountains, there was a very big area where T-Mobile had no signal at all(currently in Overgaard there’s only call signal but no data!). So if you travel to many rural areas, T-Mobile and Sprint are no good. Cheers.

    • yankeesusa

      That is exactly correct. This is the reason why someone would need verizon and maybe att. This is the reason why people are still flocking to verizon and will continue too. Its also a sense of security knowing your phone will work almost everywhere. One reason why I would be on verizon if they had the same type of plan as att.

      • krudl3rx

        If by security you mean 911, your Sprint phone will always connect to Verizon towers and T-Mobile to AT&T.

        • yankeesusa

          Yea i guess in that sense your ok. But when I said security I mean getting a flat tire in the middle of nowhere. I don’t think calling 911 will help unless your in a dangerous situation. Also, Ive been in an area with no tmobile coverage but with att coverage and it doesn’t always pick up att. I thought it was my phone but it has happened with 3 of my tmobile phones.

    • jasenm

      So spot on. I live in the central valley of California. I tried tmo with the ETF deal. I would get about 3-5 miles outside my LARGE city and poof, service gone. Traveling through Cali, spotty service everywhere including LA, 99 corridor, etc. Back on Verizon now and I get data and voice easily in the mountains, the coast, everywhere pretty much. Nothing against tmo as a company. Hell I love what they are doing for the industry but when it comes down to it they just can not even come close to vzw or att in coverage. Tmo people saying otherwise must be living in a very small window.

  • GBRunner24

    Glad the deal is done for, but I’m more excited for a new CEO. As someone who sells all 4 major carriers Sprint has not done well for themselves. The only thing they used to be doing right was they were cheap and they had unlimited data. Now they only have the latter. Their new my way plans have sky rocketed a 3 line plan from $180 to $210 and a 4 line plan from $210 to $260. Granted their network has gotten better, however losing half of their selling points has not done them well. Not to mention their LTE speeds in my area are only 7-10 mb/s where as AT&T is 20+ and Verizon is nearing 100. I would love to see Sprint turn things around for the sake of competition.

  • Hakim Leveille

    Yessssss!!!!!!!!

  • jbdan

    Yes!!

  • JoeTi

    Whew, that’s good news. As a VZW customer looking for a potential escape route this is good to hear. If TMo can get their network closer to Sprint’s in terms of towers and service all this other good decision making over the last 2 years will eventually earn my biz.

  • wolfedude88

    Apparently though, Sprint is offering John Legere a crazy amount of money to become their new CEO. Would be awesome if he could get Sprint going as well.

    Finally have a big four

    • hkklife

      Source?

      • wolfedude88

        tktechnews, evleaks has said high praise for him, and he has leaked quite a few devices.

        Who knows if it happens, but I would like to see it happen.

    • Balthazar_B

      Big four? Talk about the impossible dream. The only way there’ll be a big four is when someone huge gobbles up T-Mo and someone else huge gobbles up Sprint. The first is pretty likely since Deutsche Telecom still wants to unload TMUS in the worst way, and there are likely bidders around (Comcast, anyone?). It remains to be seen if Softbank decides to contain its losses and sell off the Sprint experiment; I think the Sprint purchase was predicated on the assumption they could acquire T-Mo and approach the heft of VzW and AT&T. Since that door is closed, it makes little sense to keep playing a losing hand. Cox or Dish or Comcast or some other similar company could take them over at the right price. A lot will play out in the next year, methinks.

  • CharlesJorgenson

    Whew! Saved from the trainwreck

    • Chris

      Who said it would have been a train wreck?

      • CharlesJorgenson

        Sprints service, customer service, and business decisions says it would be a trainwreck

  • Michael Sahaid

    I love how regulators complain if this merger happened Americans would have fewer choices but we still only have Democrats and Republicans to vote for. One more example of hypocrisy from our terrible government.

    • CasperTFG

      Especially when Republicans act like Democrats.

    • derp hurr-durr

      You can view for anyone, genius.

      • d’oh!

        View vote…. Whatever. :D

      • Michael Sahaid

        I think you meant vote… “Genius.”

        • derp hurr-durr

          Well done. We now see you were able to use context to make sense of an autocorrect fail.

          Now; can you expand on that success and apply the results of that to your original post?

          …or did you miss the point entirely in your haste to point out that someone on internet made an auto-correct mistake? (Obviously a massive win on your part, to be sure…)

          • Michael Sahaid

            Why dont you vote 3rd party in the next election. Then watch the news during the elections and let me know if they mentioned anything about the party you voted for, and then tell me if we have more than 2 choices.

  • Elon Musk

    Google should buy T Mobile

    • Balthazar_B

      Elon Musk should buy T-Mobile. And Google should buy Tesla.

      • Fresh360

        mind BLOWN!!!!!

      • Chris

        No. Tesla is fine as it is. We don’t need self driving cars with no way to stop them in case of an emergency

    • Justin Kos

      Or just leave it as is, T-Mo is doing great things as is right now

  • chris125

    About time Hesse goes

  • master94

    HELL YES. PRAISE THE LORD

    • Chris

      Calm down thre

  • tom riddle

    right on.

  • Oliver Jackson

    Today couldn’t get any better but I feel bad for Dan Hesse.Softbank made him to be the scapegoat

  • jimt

    Maybe Tmo will just double their network by themselves, I hope. Go Tmo.

    • Balthazar_B

      Not without a huge cash infusion from someone. And that will likely require an acquisition. Be careful what you wish for…

      • jimt

        I only want what is best for Tmo and I think growing their network would be a positive thing and will wish for that and any other good things that could happen to tmo and to me indirectly. I think they are about to grow the network very soon anyway and I again wish them the best against evil red and the death star.

        • d-rock

          I really hope they do. I must say I’m a skeptic though. When they deployed their 3G network originally, we heard a lot about expanding coverage that never really happened.

          • Garrett

            I think what they have going for them this time around is an expanding user base. Subscribers are where the cash flows from, and if they’ve continued adding on quite a few (such as myself and 7 others from my family) they’ll start to make enough that they’d be silly not to invest more in infrastructure. That doesn’t mean they’re going to, but hopefully they’ll have the means.

  • Aaron C

    YYYYYYYESSSSSS!!!!!!

  • http://transcendingturmoil.tumblr.com/ gaajiwaaih

    This is great news. A purchase by Sprint was my only hesitation in joining T-Mobile last month. After 12 years with Verizon, couldn’t be happier with T-Mo

  • Mikey Styles

    Way to use that noodle Softbank(Took ya Long Enough!!)…….

  • jonzey231

    Watch them announce John Legere as CEO.

    • Ryan Dombroski

      That would be interesting haha

    • http://volumeboy-man.bandcamp.com/ VBM

      I hope not. TMo needs him.

  • Jared Denman

    They still can merge though right?

    • Balthazar_B

      Sure, and I can win the Lotto.

  • trixnkix637

    Thank sweet baby jesus!

    • Mikey Styles

      Just for you bud, Lol!!

      • Kyle Todoulakis

        This isn’t how you use this.

  • http://twitter.com/SParKlngCyaNide SparklingCyanide

    0h thank god, I thought Sprint/SoftBank were actually stupid enough to drag this on forever before getting rejected. All is right in Uncarrier land. :)

  • chris125

    Not surprising, the regulators made it clear they want 4 major carriers

    • Balthazar_B

      Well, practically speaking, two major and two minor. And I don’t see the regulators doing anything to enable the two minors to ever be anything but, assuming both can even stay in business.

  • Droid Ronin

    Thank goodness…no need for Sprint’s nonsense management to muck things up for Tmo.

  • yummy

    This is better then cherries on top!

  • Michael Sahaid

    I wanted John Legere to be the new CEO. Maybe I would get some decent coverage.

    • Pepe

      It appears Frenchie douchebag is a disaster.

  • https://twitter.com/paladaxar Paladaxar

    YES! And that means T-Mo gets more break up money, right!? :)

    • WickedToby741

      There was never a publicly agreed upon deal, so no breakup money.

    • Franklin Ramsey

      No. T-Mobile wouldn’t get any break up money unless there was an official bid. No bid was submitted that any of us know about, they were just in talks about it.

  • Richard Yarrell

    Just like I sad in November it’s not going to happen.

    • guest

      shut up samsung fan

      • Franklin Ramsey

        How would him being a Samsung fan have anything to do with this?

        • Mech_Engr_09

          It doesn’t. That guy is a notorious douchebag on this site.

          • guest

            Yup what he said^

          • Bacon Clubhouse Sammich

            If Mech_Engr doesn’t have more than 100 upvotes by the time this thread’s views taper off I’m going to be sorely disappointed. Richard Yarrell is second only to Brian in terms of worthlessness. I’ve got nothing to add to be OT because I live in the sticks and neither TMo nor Sprint have a presence here.

          • Mech_Engr_09

            He’s honestly way worse than Brian. Brian just likes to troll and is sometimes funny. Richard is a true and honest idiot without doing it on purpose. I’ve never read a comment of his without having a slight tinge of hatred and disgust. He’s truly awful and he knows it. I’m sure he’s uneducated and walks around the streets acting like he’s some kind of pimp/badass when he clearly isn’t. He’s the type of guy that you see trying to talk to every girl no matter what age and you can’t help but feel sorry for the girl and the gut feeling she has that she could be sexually assaulted at any second.

      • michael centeno

        shut up sheep.

    • Ralph Bretz

      So glad I was wrong and you were right. I disagreed before. I thought the merger would be good but T-Mobile is growing so fast. Softbank should have bought T-Mobile not Sprint.

    • Orion

      Get lost. You just happened to be “right” because you’re a fanboy.

  • guest
    • T-Mo sucks

      A French Telecomm has just offered a Bid for T-Mo at not even Half the asking price of Sprint last Friday. Think it was 8.9 Billion. The French Telecom reported they expected the Regulatory commission to Deny Sprint the sale.

  • Justin Merithew

    Best news I’ve heard all day!

  • guest

    Thank God lol

  • antwonw

    Yessssssss!!!!

    • T Blo

      Yep. Two wrongs would not have made a right.

      • Danny B.

        T-Mobile has been wonderful for me for over a decade, don’t know what you’re talking about…

        • deep hurr-durr

          Neither did he. :-)

      • Justin Kos

        Two Wrights made an air plane though