Seemingly, Softbank Group and T-Mobile's owner Deutsche Telekom were unable to agree on the ownership ratio for the partnership.
It was speculated that Softbank would seek to end negotiations earlier this week, but, according to The Wall Street Journal, T-Mobile has a new offer on the table that Sprint is considering. "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 compared to our outstanding stand-alone performance and track record", said John Legere, president and CEO of T-Mobile US, in a prepared statement. The tone of the release suggests T-Mobile and Sprint are still on pleasant enough terms, so it's not unthinkable to imagine the two to partnering in some capacity in the future.
T-Mobile and Sprint are the U.S.′ third- and fourth-largest wireless carriers, respectively, but they are significantly smaller than AT&T and Verizon, who effectively have a duopoly over US wireless service.
HBO star alleges Harvey Weinstein raped her
Robert Boyce said the alleged victim "put forth a credible and detailed narrative". "But we're talking about a 7-year-old case. In a statement his representative said: "Any allegations of non-consensual sex are unequivocally denied by Mr Weinstein".
The two companies came close to announcing a merger in 2014 but called it off at the last minute due to regulatory concerns.
Previous attempts have been made to court T-Mobile, but they appear to have run into trouble with federal overseers. If the companies had struck a deal this year, they would have had a better chance of getting government approval under the Trump administration. Now that nothing has changed, Sprint remains in a vulnerable position, having reported annual losses for ten consecutive years.
T-Mobile has been particularly aggressive - and successful - in challenging its two larger rivals.
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