While Son has negotiated with T-Mobile's majority owner, Germany's Deutsche Telekom AG DTEGn.DE , on the basis that SoftBank and other Sprint shareholders would own around 40 percent of the combined company, he now shares the concerns of the SoftBank directors questioning the benefits of such an ownership arrangement, the source said.
Sprint owner SoftBank is "abandoning its efforts" to merge the carrier with T-Mobile, The Wall Street Journal reported today while quoting "people familiar with the matter". The two companies have been in talks for months, and Softbank had hoped to combine the two companies as early as 2013.
Shares in Sprint and T-Mobile fell sharply Monday following a Japanese media report that merger talks between the third- and fourth-largest wireless operators had been called off. SoftBank is reportedly expected to propose to Deutsche Telekom on Tuesday that they end negotiations. SoftBank acquired Sprint back in 2013 and then attempted to acquire T-Mobile in 2014 before abandoned that plan, too. The two companies are reportedly in merger talks. The merger discussions have gone through several fits and starts over a long period, and it's unclear whether the companies will ultimately return to the table, the people said.
Zinke denies any connection to contract
Whitefish has said the company has expertise in mountainous areas, and arrived in Puerto Rico before other companies. Rather than joining hands, they're increasingly pointing fingers, accusing each other of inaction or incompetence.
And T-Mobile has been concerned about price, specifically ratio of shares, relates Faber. T-Mobile was down about 5%.
SoftBank looked into buying T-Mobile as far back as 2014, but backed down after telecom regulators made it clear they would block any acquisition of the fourth-largest United States carrier.