Sprint and T-Mobile call off merger after months of talks

Sprint and T-Mobile said on Saturday they have called off merger talks to create a stronger U.S. wireless to rival to market leaders, leaving No. 4 provider Sprint to engineer a turnaround on its own. Jonah Green reports.

(Reuters) – Sprint and T-Mobile officially broke off merger talks on Saturday, ending months of negotiations that would have created the third-largest U.S. wireless provider.

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 U.S. telecom assets.

Both companies announcing in a joint statement that talks ended because they “were unable to find mutually agreeable terms.”

A combined company would have had more than 130 million U.S. subscribers, behind Verizon and AT&T.