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SoftBank linked to Charter talks as doubts cast on Sprint/T-Mobile tie-up
05 November 2017, 01:39 | Kristen Gross
T-Mobile-Sprint merger may not be dead after all as CEOs Legere and Claure reportedly revive talks
Just last week, it seemed like a T-Mobile-Sprint merger was a done deal, but now everything's been thrown into disarray after a rumor said that SoftBank wanted to end the negotiations. However, after T-Mobile CEO John Legere spoke with Sprint CEO Marcelo Claure on Wednesday, Sprint's board discussed the new offer at a meeting on Thursday. "However, we have been clear all along that a deal with anyone will have to result in superior long-term value for T-Mobile's shareholders". On Saturday, the companies confirmed that a combination of their businesses is no longer in the. Seemingly, Softbank Group and T-Mobile's owner Deutsche Telekom were unable to agree on the ownership ratio for the partnership.
Legere conveyed to Mr. Claure that T-Mobile and its parent company, Germany's Deutsche Telekom AG, didn't want the deal to fall apart, the report said.
Failure to clinch an agreement leaves SoftBank CEO Masayoshi Son, a dealmaker who raised close to $100 billion for his Vision Fund to invest in technology companies, with the need to find another option for Sprint.
AT&T's offer to buy T-Mobile in 2011 was spiked and the same regulators signaled in 2014 they would have been against Sprint doing the same thing. Neither Sprint nor T-Mobile immediately replied to requests for comment by CNNMoney. Sources had originally stated that Sprint made a decision to call off the acquisition because Deutsche Telekom was looking to get the majority of control over the entity resulting from the merger; though some Sprint executives were reportedly okay with this, others allegedly wanted more.
Both companies had expressed interest in a tie-up this year, and industry analysts expected T-Mobile to have more leverage in discussions this time around. "We won't stop now".
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Iyer, Siraj included in India T20 squad
On the other hand, Ashish Nehra will be part of the squad only till the first T20I, which will be his last at Ferozeshah Kotla. There are no surprises in the Test squad with Abhinav Mukund making way for a fit-again first-choice opener Murali Vijay.