Now that a deal between T-Mobile US and Sprint is dead, T-Mobile CEO John Legere is taking the gloves off and repeated his prediction that T-Mobile will surpass Sprint in terms of subscribers to become the No. 3 U.S. carrier by the end of this year.
Sprint's failed attempt to acquire fellow wireless operator T-Mobile US and the departure of Sprint CEO Dan Hesse has been the talk of the town in the wireless world this week.
Now that Sprint has reportedly discontinued attempts to merge with T-Mobile, it's worth taking a look at the reasons behind Sprint's desire to form a deal with the nation's No. 4 carrier--and, more importantly, who else may wish to ink a deal with T-Mobile now that Sprint is out of the picture. FierceWireless has compiled a timeline of the key events from the past year for a clearer insight into which companies are interested in T-Mobile and why. Special report
Sprint's incoming CEO Marcelo Claure, who will succeed Dan Hesse on Monday, was handpicked for the role by Sprint Chairman and SoftBank CEO Masayoshi Son. The Bolivian-born Claure will now need to prove that he is right person to keep Sprint's turnaround chugging forward now that the carrier has abandoned plans to merge with T-Mobile US.
The unraveling of Sprint's bid to merge with T-Mobile US could spark a new round of price cuts in the U.S. market, according to financial analysts. That could lead to lower costs for consumers but it could also especially pressure Sprint, which is working to upgrade its LTE network.
There are currently no offers to buy T-Mobile US that are worth more to its parent Deutsche Telekom than the current value of the carrier as a standalone business, according to DT CEO Timotheus Höttges.
Now that Sprint has reportedly discontinued attempts to merge with T-Mobile, it's worth taking a look at the reasons behind Sprint's desire to form a deal with the nation's No. 4 carrier--and, more importantly, who else may wish to ink a deal with T-Mobile now that Sprint is out of the picture.
Deutsche Telekom confirmed its financial guidance for 2014 after reporting a 34.2 per cent year-on-year rise in net profit in the second quarter and a marginal decline in revenues.
A Dish Network executive said the company will begin a trial of fixed wireless broadband service with Sprint within a month. Dish launched a similar pilot with Sprint wholesale partner nTelos Wireless in Virginia during June and expanded the service availability in July.
Dish Network Chairman Charlie Ergen said he remains open to a partnership with T-Mobile US or another wireless carrier. He also said that Sprint's reported decision to abandon merger talks with T-Mobile increases Dish's options for entering the wireless market.