Like the Ross and Rachel of the telecom world – there has been talk for months about a potential merger between T-Mobile and Sprint, but it always seems to flounder just as the two companies are getting somewhere. Issues between them include, according to Reuters, egos clashing and “voting rights and control of the board room.” According to Telecoms.Com, people are claiming the deal could move through in the coming days.
Telecoms.com explained that “The latest attempt to merge stalled in November, with neither party being able to agree who would have the dominant position in the board room of the combined entity. While T-Mobile has a larger market share as it stands, and all the momentum, Masayoshi Son, CEO of Softbank which owns 84.7% of Sprint, is certainly not a man used to taking the backseat.”
Together, T-Mobile and Sprint would have about 120 million subscriptions. That is compared to 144 million AT&T subscriptions, and 160 million Verizon subscriptions. In other words, the potential merger would give AT&T and Verizon a significant competitor – and likely a headache.
Source: telecoms.com – T-Mobile and Sprint fling starts to get serious again
Published: April 27, 2018