Sprint abandoning T-Mobile takeover bid, replacing longtime CEO Dan Hesse

[Shawn Knight]

Sprint is reportedly abandoning its plans to acquire rival wireless carrier T-Mobile. The decision came in light of what would no doubt be stiff opposition from regulators according to people familiar with the situation as first reported by The Wall Street Journal.

The nation's third largest wireless carrier is also expected to replace longtime CEO Dan Hesse as early as today. Marcelo Claure, a billionaire entrepreneur and the CEO of Brightstar, will lead the company moving forward.

Combining T-Mobile and Sprint would have given the new owner more leverage to compete with rivals AT&T and Verizon, the top two wireless providers in the US. After AT&T's failed takeover bid of T-Mobile in 2011, however, it now seems that nobody is willing to take a risk with regulators.

T-Mobile, meanwhile, is said to have recently ended acquisition talks with French telecommunications provider Iliad after deeming the proposed $15 billion bid for control of the carrier wasn't strong enough.

If you haven't already noticed, T-Mobile majority owner Deutsche Telekom is looking to offload the business so they can focus on core products inside Europe.

On its own, T-Mobile has performed remarkably well under the guidance of John Legere. The outspoken CEO has breathed new life into the wireless industry with his Un-carrier initiative. Back in May, the carrier reported its best quarter ever as it added 2.4 million subscribers during the three month period. That's up from just 579,000 new signups during the year-ago quarter.

Permalink to story.

https://www.techspot.com/news/57645-sprint-abandoning-t-mobile-takeover-bid-replacing-longtime-ceo-dan-hesse.html

 

[Axiarus]

Oh thank you sweet Jesus!

 

[Scshadow]

Oh thank you sweet Jesus!

Are you kidding? Without being particularly well informed, this was one of the acquisitions/mergers I was kinda hoping for. ATT and Verizon are bullies even in comparison to T-mobile and sprint. Sprint has always had cheaper plans and better policies and T-mobile seems to actually give a crap about offering reasonably priced services as well. The problem with both of them is coverage. 5 bars LTE at my parent's house with Straight Talk branded ATT service is 0 bars of anything with T-mobile. If I had t-mobile I'd never go visit them. And among my social circle, sprint has fairly bad coverage as well.

But I guess I had reservations, maybe better called uncertainties. First off, they still compete in major markets. Its not like it would be efficient combining 2 networks. The larger LTE network that I presume is t-mobile(because sprint put its money into wimax initially right?) probably completely overlaps all of sprint's LTE area. 3g services are incompatible(GSM vs CDMA) so I doubt there would be any noticeable improvement in a short time. The other thing is, even though I don't hate Sprint, from a consumer view I wish it was T-mobile acquiring Sprint and not the other way around.

 

[9Nails]

Are you kidding? Without being particularly well informed, this was one of the acquisitions/mergers I was kinda hoping for. ATT and Verizon are bullies even in comparison to T-mobile and sprint. Sprint has always had cheaper plans and better policies and T-mobile seems to actually give a crap about offering reasonably priced services as well. The problem with both of them is coverage. 5 bars LTE at my parent's house with Straight Talk branded ATT service is 0 bars of anything with T-mobile. If I had t-mobile I'd never go visit them. And among my social circle, sprint has fairly bad coverage as well.

But I guess I had reservations, maybe better called uncertainties. First off, they still compete in major markets. Its not like it would be efficient combining 2 networks. The larger LTE network that I presume is t-mobile(because sprint put its money into wimax initially right?) probably completely overlaps all of sprint's LTE area. 3g services are incompatible(GSM vs CDMA) so I doubt there would be any noticeable improvement in a short time. The other thing is, even though I don't hate Sprint, from a consumer view I wish it was T-mobile acquiring Sprint and not the other way around.

My sentiments as well.

A strong 3rd place beats out two lower ranking also ran's in the business. If it's about the consumer's best interest, this merger should have gone through. The Government is still a big bunch of expensive suits, not much else. It would have been good to see T-Mobile directed by an American company.

 

[Guest]

Sprint is Japanese, Bro.

 

[Frank Barnett]

Are you kidding? Without being particularly well informed, this was one of the acquisitions/mergers I was kinda hoping for. ATT and Verizon are bullies even in comparison to T-mobile and sprint. Sprint has always had cheaper plans and better policies and T-mobile seems to actually give a crap about offering reasonably priced services as well. The problem with both of them is coverage. 5 bars LTE at my parent's house with Straight Talk branded ATT service is 0 bars of anything with T-mobile. If I had t-mobile I'd never go visit them. And among my social circle, sprint has fairly bad coverage as well.

Sprint was a American company and lost like 7 billon of softbanks money who now owns them . I always wondered how people who lost at least 7 billion has people lined up to loan them more money to money somebody else

But I guess I had reservations, maybe better called uncertainties. First off, they still compete in major markets. Its not like it would be efficient combining 2 networks. The larger LTE network that I presume is t-mobile(because sprint put its money into wimax initially right?) probably completely overlaps all of sprint's LTE area. 3g services are incompatible(GSM vs CDMA) so I doubt there would be any noticeable improvement in a short time. The other thing is, even though I don't hate Sprint, from a consumer view I wish it was T-mobile acquiring Sprint and not the other way around.

My sentiments as well.

A strong 3rd place beats out two lower ranking also ran's in the business. If it's about the consumer's best interest, this merger should have gone through. The Government is still a big bunch of expensive suits, not much else. It would have been good to see T-Mobile directed by an American company.

 

[mojorisin23]

Sprint is Japanese, Bro.

nope.

 

[rub900]

Hate Sprint. Another thank God here.

 

[Scshadow]

Hate Sprint. Another thank God here.

Care to elaborate? I mean, if you hate them enough to make a post about how you hate them, then why not go the extra step and actually make an argument as to why other people should hate Sprint too? A baseless conjecture is truly a waste of space.

 

[Guest]

mojorisin23 said:


Sprint is Japanese, Bro.




nope.





SOFTBANK- JAPANESE

 

[rub900]

Care to elaborate? I mean, if you hate them enough to make a post about how you hate them, then why not go the extra step and actually make an argument as to why other people should hate Sprint too? A baseless conjecture is truly a waste of space.

Sprint does not allow using an unlocked phone. I feel they will buy T-Mobile and stop the practice of allowing unlocked phones. I had Sprint for years. I moved to a state that is under served by Sprint cell towers. I tried my best to resolve the issue. I am on call for a tech company and needed a phone. I tried to get out my contract. I explained I could not receive any phone calls while at home. No one at Sprint cared. My company provided a phone while I finished my year contract. I bought a home phone. Using it for personal calls while at home. I put the cell phone in a drawer and waited until I could tell them to go away. I have T-Mobile ever since and never looked back. My bill is a third of the price. I hate Sprint.

 

[Guest]

Sprint is Japanese, Bro.
nope.



Soft bank-Japan look it up