>> 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.
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.
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.
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.