SoftBank reportedly walking away from Sprint/T-Mobile merger talks

Reuters

Reuters

And T-Mobile has been concerned about price, specifically ratio of shares, relates Faber. The decision was made Monday to call the talks off. In the third quarter ending September 30, she noted, Sprint reported a 10% increase in gross adds (a key customer metric), best of any carrier and far better than T-Mobile's gross loss of 6.5% in the period.

That planned merger between Sprint and T-Mobile, which was reportedly in its "final stages" back at the beginning of October, may be on the chopping block. According to reports by the Wall Street Journal and the Nikkei Asian Review, Sprint parent Softbank and T-Mobile parent Deutsche Telekom were moving toward a transaction but couldn't agree on ownership terms. The pair had reached a broad agreement to integrate T-Mobile and Sprint - the third- and fourth-largest carriers in the US - and were ironing out such details as the ownership ratio.

SoftBank CEO Masayoshi Son said in May that the Obama administration was "quite tough on business", and added "the door is open" for potential mergers with the new administration. The two companies have been in talks for months, and Softbank had hoped to combine the two companies as early as 2013.

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Masayoshi Son, the founder and CEO of Tokyo-based telecom and Internet company SoftBank had always been looking for a deal to improve Sprint's position.

Trading of Sprint, a subsidiary of the Japanese telecom firm SoftBank, was halted for volatility before the shares fell by as much as 13%. 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.

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