Featured Articles

Intel takes credit for three-way 4K gaming

Intel takes credit for three-way 4K gaming

All of a sudden Intel is talking about desktop gaming like there is no tomorrow and it is pushing it. The…

More...
Nvidia Shield Tablet 32GB 4G LTE out for pre orders

Nvidia Shield Tablet 32GB 4G LTE out for pre orders

Nvidia has finally revealed the shipping date of its Shield Tablet 32GB in 4G LTE flavour and in case you pre-order…

More...
Apple announces its Apple Watch

Apple announces its Apple Watch

Apple has finally unveiled its eagerly awaited smartwatch and surprisingly it has dropped the "i" from the brand, calling it simply…

More...
Skylake 14nm announced

Skylake 14nm announced

Kirk B. Skaugen, Senior Vice President General Manager, PC Client Group has showcased Skylake, Intel’s second generation 14nm architecture.

More...
Aerocool Dead Silence reviewed

Aerocool Dead Silence reviewed

Aerocool is well known for its gamer cases with aggressive styling. However, the Dead Silence chassis offers consumers a new choice,…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Wednesday, 06 August 2014 13:28

Sprint gives up on T-Mobile

Written by Nick Farrell



Watchdogs scared it away

Sprint has given up trying to buy T-Mobile US after the regulators more or less told it to go forth and multiply. 

Sprint's Japanese parent SoftBank saw the acquisition as key to taking on U.S. market leaders AT&T and Verizon Communications. Sprint and T-Mobile have not ruled out consolidation in the future but concluded that a deal is unlikely to be approved at this time, the sources said. US regulators have insisted that they want to keep the number of major wireless carriers at four.

The Japanese were surprised, as they had been told that the US regulators, who are often former employees of the telcos, did whatever they were told.

"We didn't think the opposition would be this strong," said a SoftBank executive but added: "The environment will definitely change.”

It looks like there will be a rival bid for T-Mobile by French telecoms firm Iliad made a lower bid than Sprint but is in talks with U.S. cable and satellite companies to sweeten its offer. Sprint will appoint a new CEO, Marcelo Claure, founder of mobile phone distributor Brightstar which was acquired by SoftBank last year.

Dan Hesse who has been CEO of Sprint since 2007 has not been that popular anyway. He overhauled Sprint's network infrastructure in such a way which caused a loss of reliability and the company to lose subscribers so the loss of the T-Mobile deal was one cock-up too many.

Nick Farrell

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments