ShareThis Page
Sprint, T-Mobile slide as reports cast doubts on merger |
Business Briefs

Sprint, T-Mobile slide as reports cast doubts on merger

The Associated Press
| Monday, October 30, 2017 6:09 p.m
Sprint sign in Miami. Oct. 28, 2016

NEW YORK — Shares of Sprint and T-Mobile have tumbled as several news reports cast doubt on a long-expected deal between the two wireless carriers.

The Nikkei Asian Review kicked off by reporting from Japan that Sprint’s owner, Japan’s SoftBank, plans to break off deal negotiations with T-Mobile’s parent company, Germany’s Deutsche Telekom, over disagreements about who would control the combined company.

The Wall Street Journal reported later Monday that SoftBank is “abandoning” deal efforts. Bloomberg News reported that deal talks have “hit a serious snag.”

The stories relied on information from unidentified people. Sprint, T-Mobile and SoftBank did not respond to questions from The Associated Press.

Sprint’s stock slumped 9.3 percent Monday. T-Mobile shares dropped 5.4 percent.

U.S. regulators’ concerns thwarted the companies’ previous deal effort in 2014.

Categories: Business Briefs
TribLIVE commenting policy

You are solely responsible for your comments and by using you agree to our Terms of Service.

We moderate comments. Our goal is to provide substantive commentary for a general readership. By screening submissions, we provide a space where readers can share intelligent and informed commentary that enhances the quality of our news and information.

While most comments will be posted if they are on-topic and not abusive, moderating decisions are subjective. We will make them as carefully and consistently as we can. Because of the volume of reader comments, we cannot review individual moderation decisions with readers.

We value thoughtful comments representing a range of views that make their point quickly and politely. We make an effort to protect discussions from repeated comments either by the same reader or different readers

We follow the same standards for taste as the daily newspaper. A few things we won't tolerate: personal attacks, obscenity, vulgarity, profanity (including expletives and letters followed by dashes), commercial promotion, impersonations, incoherence, proselytizing and SHOUTING. Don't include URLs to Web sites.

We do not edit comments. They are either approved or deleted. We reserve the right to edit a comment that is quoted or excerpted in an article. In this case, we may fix spelling and punctuation.

We welcome strong opinions and criticism of our work, but we don't want comments to become bogged down with discussions of our policies and we will moderate accordingly.

We appreciate it when readers and people quoted in articles or blog posts point out errors of fact or emphasis and will investigate all assertions. But these suggestions should be sent via e-mail. To avoid distracting other readers, we won't publish comments that suggest a correction. Instead, corrections will be made in a blog post or in an article.