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Report: Sprint Has Ended Talks to Acquire T-Mobile

Sprint and T-Mobile

Sprint has ended talks to acquire T-Mobile, a person with knowledge of the matter said, as regulatory concerns outweighed the potential benefits of a deal. The third-largest U.S. wireless company plans to name a new chief executive as soon as tomorrow to replace Dan Hesse, who has led the company since 2007, said the person, who asked not to be identified because the information is private. T-Mobile, approached about a stake purchase by Iliad last week, was willing to move forward on a deal with Sprint if it agreed to sticking points including financing disagreements, people familiar with the talks said. While both companies viewed approval for a deal as a long shot, given the current administration’s stated goal of having four competitive wireless companies in the U.S., Sprint ultimately decided the regulatory environment was prohibitive, one person said.

Read the full story at Bloomberg.

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More Stories By Shelly Palmer

Shelly Palmer is the host of Fox Television’s "Shelly Palmer Digital Living" television show about living and working in a digital world. He is Fox 5′s (WNYW-TV New York) Tech Expert and the host of United Stations Radio Network’s, MediaBytes, a daily syndicated radio report that features insightful commentary and a unique insiders take on the biggest stories in technology, media, and entertainment.