The Sprint/T-Mobile merger’s new lease on life apparently was only good for a few hours. The Wall Street Journal brings us word that Sprint has officially given up its quest to buy T-Mobile for $32 billion and will instead try to go it alone in its quest to regain customers and repair its tarnished brand. Apparently Sprint found that U.S. regulators were so completely opposed to the idea of the two carriers merging that it wasn’t worth it to try to get the merger approved. The Journal also says that Sprint has now ousted CEO Dan Hesse and is replacing him with Brightstar founder Marcelo Claure. Although Hesse certainly wasn’t able to turn Sprint around during his tenure as chief
Comments are closed.
