Sprint Abandoning Pursuit of T-Mobile
Apparently, Sprint is ending its pursuit of T-Mobile US. Sprint and its parent, SoftBank, decided it would be too difficult to win approval from regulators.
Sprint is also expected to replace its chief executive, Dan Hesse.
Sprint's decision didn't have anything to do with the surprise bid for T-Mobile by France's Iliad. Rather, the US regulatory hurdles were the key.
Sprint Abandoning Pursuit of T-Mobile Sprint gives up on T-Mobile merger; CEO Dan Hesse out -- Tech News and Analysis (GigaOm)