Earns Sprint Nextel

The Wall Street Journal just announced that Sprint Corp. is terminating its attempts to purchase T-Mobile US Inc, due to regulatory issues. Over the past several months, we’ve seen several reports that Sprint was in talks with T-Mobile over a buyout deal, and even that the deal was close to finalizing.

If the buyout had taken place, the results would be a decrease in competition and very likely an increase in cellular plan pricing. According to WSJ…

Sprint had been working on a bid for T-Mobile for months while studying regulatory opposition. Officials at both the Justice Department and the Federal Communications Commission had signaled early on they were happy with four major wireless carriers and feared further consolidation would harm consumers.

Per the Wall Street Journal’s report, Iliad, a French telecommunications company, also placed a bid on T-Mobile. However, Iliad’s offer isn’t claimed to have had any effect on Sprint’s decision to back out of plans to purchase T-Mobile, as the bid was too low for T-Mobile to accept.

T-Mobile has made several headlines lately with its “uncarrier” marketing campaign, an effort to pull customers away from Verizon, AT&T, and Sprint. Many found the talks of a Sprint buyout strange considering how strongly T-Mobile CEO John Legere spoke against Sprint in his many press conferences.

[Wall Street Journal]

  • Framboogle

    Good. Sprint sucks anyways.

    • Manuel Molina

      While I can’t say they suck completely (I used them for two months and their internet speeds were the only issue, not their coverage), I think Sprint buying out T-Mobile would not only be pointless because of the GSM and CDMA differences, but would bring T-Mobile down as how Sprint did to Nextal.

      T-Mobile should just keep doing what they’re doing and improve their coverage. I feel that people like myself who haven’t made the switch from Verizon or AT&T only stay with the said companies is because of that lack of reliability with service.

      • Mikasa Ackerman

        0.07 download on 3g and 1.7mb on 4g (that you’ve been paying into for YEARS) is beyond an issue. xD

      • A’s Network

        I hate Sprint and everything but surprisingly I get at least 2.5mbps on 3G and 20mbps on 4G. Either thats the PRL I am using, or its my phone. But still, Sprint sucks.

  • Steve R.

    I really hope this ends up being true =D

  • Ian Leon

    Thank you !!

  • Rowan09

    Thank goodness. I have t-mobile and I don’t know where I would go for service if this actually happened.

  • A’s Network

    I hope this doesn’t mean that Iliad will try to buy T-Mo.

  • Awesome! Wonder if this resulted in Sprint paying up some X billion amount to T-Mobile just like AT&T did when it failed to acquire T-Mobile…

  • Kerry Payne

    There are reports that they are replacing Dan Hess as CEO as well. Maybe someone new at the helm will fix up sprint! I’m currently a sprint customer(what can I say, my cred sux)The LTE is abysmal! Sure I get unlimited data, but it’s no good when I’m just squeaking along.

  • chjode

    Hooray! Nuts to Sprint and their lousy customer service and crummy bandwidth. T-Mobile’s aggressive pricing and plans have given the wireless industry a real shot in the arm.

  • Antzboogie

    Im happy Sprint would’ve brought down T-Mobile for sure. I get awesome speeds in NY with T-Mobile.

  • Yujin

    Great!! Now, let’s break the Cumcast /TWC romance.

  • Mikasa Ackerman

    YESSSSSSSSSSSSSSSSSS! omg. Thank you! Man, I plan on switching to T-Mobile upon the purchase of the iPhone 6 — I am trying to get away from Sprint! You can only imagine my face when I heard they were trying to buy T-Mobile. But, now 😉 WOOOOOO!