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Sprint confirms new CEO amid reports of abandoning T-Mobile merger
2014-08-06 17:09:25| InfoWorld: Top News
Sprint confirmed today that CEO Dan Hesse will be replaced by board member Marcelo Claure, effective Monday. The move comes amid reports that Sprint and its Japanese parent SoftBank have abandoned plans to acquire T-Mobile following problems gaining U.S. regulatory approval of such a merger.
Tags: reports
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Sprint 'drops bid for T-Mobile US'
2014-08-06 10:57:14| IT Services - Topix.net
Shares in US telecoms firm Sprint fell 16% in after-hours trading on Tuesday following reports that it had dropped a bid to buy T-Mobile US.
Sprint 'drops bid for T-Mobile US'
2014-08-06 09:31:07| BBC News | Business | UK Edition
Shares in US telecoms firms Sprint drop sharply in after-hours trade following reports it has abandoned a bid for T-Mobile US.
Sprint abandons bid for T-Mobile - report
2014-08-06 08:46:00| Telecompaper Headlines
(Telecompaper) Sprint has abandoned plans for a merger with its closest rival T-Mobile US, the Wall Street Journal reports citing people familiar with the matter. The company has decided to end its pursuit of T-Mobile in the face of stiff opposition from regulators, the board decided on 05 August. When Sprint executives met with the FCC to discuss the deal last winter, they were given the signal that a deal would face high hurdles. Last week, the FCC underlined its opposition by saying it would propose rules that would prevent Sprint and T-Mobile from bidding together in the upcoming spectrum auction. Sprint will now continue independently, focusing on its recent network upgrades and new price plans planned for later this year. According to various reports, the operator will also get a new CEO, the head of Brightstar, Marcelo Claure.
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Report: Sprint and T-Mobile call off merger plans
2014-08-06 07:21:02| Telecom - Topix.net
The wireless carrier and its parent company, Softbank, decided that regulatory hurdles were too high, The Wall Street Journal reported Tuesday, citing people familiar with the matter.
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