Sprint Drops T-Mobile Bid, Replaces CEO and Goes in New Direction

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Sprint Drops T-Mobile Bid, Replaces CEO and Goes in New Direction

by TheStreet 3:30 mins

Sprint Drops T-Mobile Bid, Replaces CEO and Goes in New Direction

by TheStreet 3:30 mins

Sprint reportedly drops discussions with T-Mobile US about acquiring the company. In addition to France's Iliad SA, which launched a $15 billion offer for 56.6% of T-Mobile, The Deal correspondent Andrew Bulkeley reveals the other main suitors for the company. As antitrust concerns likely played a large role in Sprint stepping away from a potential deal with T-Mobile, Bulkeley explains what companies would not face related challenges in seeking an agreement. Also, upon announcing it's named Marcelo Claure, founder of mobile phone distributor Brightstar, its new CEO, Bulkeley weighs in on what this says about the new direction Sprint is heading in.

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