FIRST AIRED: November 4, 2017

Nice work! Enjoy the show!

×

You’re busy. We get it.

Stay on top of the news with our Editor’s Picks newsletter.

US Edition
Intl. Edition
Unsubscribe at any time. One click, it’s gone.

Thanks for signing up!

We've got more news

Get our editor’s daily email summary of what’s going on in the world.

US Edition
Intl. Edition
Replay Program
0:00
0:00
More Info

COMING UP:Share Opener Variant 1

×

Transcript

00:00:01
>> Sprint and T Mobile officially broke off merger talks on Saturday, ending months of negotiations that would've created the third largest US wireless provider, Reuters Leana Baker.>> Investors had been hoping that number three T-Mobile and number four, Sprint would come together a deal that would cut a lot of cost, and put up a better fight with market leaders, Verizon and AT&T.
00:00:24
Now the companies will have to go at it alone, for T Mobile, this isn't a big deal, they have billions of dollars in Spectrum. They have an investor in Germany that's been investing heavily into the company over the years, and they have a great reputation in the US market.
00:00:39
Sprint, on the other hand, is dead last with US wireless customers. They need to invest further in their network, but they already have $40 billion in debt.>> The announcement marks the latest failed attempt to combine the two wireless carriers as Sprint's parent SoftBank and T-Mobile, controlled by Deutsche Telekom, show unwillingness to part with their prized US telecom assets.
00:01:01
Both companies announcing in a joint statement that talks ended because they quote, were unable to find mutually agreeable terms.>> Sprint as a stand alone company might need to find another partner or another MNA strategy to pursue here, now that the T-Mobile deal is finally over.>> A combined company would have had more than 130 million US subscribers behind Verizon and AT&T.