T-Mobile, Sprint Call Off Merger Attempt

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The nation’s third- and fourth-largest wireless carriers have announced they will not seek to merge, ending months of speculation about the two companies’ fates amid a frenzy of competition and consolidation in the telecom and media industries.

T-Mobile said Saturday that while the company believed a merger with Sprint could have been beneficial for consumers, it is ultimately more confident in its ability to go it alone.

“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,” T-Mobile Chief Executive John Legere said in a statement.

(c) 2017, The Washington Post · Brian Fung

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