Mobile, Sprint Call Off Merger Talks

With T-Mobile Deal All But Dead, Softbank Looks To Charter

The wireless carriers "were unable to find mutually agreeable terms" and want to "put an end to the extensive speculation around a transaction", they said in a joint announcement.

Sprint and T-Mobile's have abandoned discussions about a potential merger.

T-Mobile said Saturday that while the company believed a merger with Sprint could have been beneficial for consumers, it is ultimately more confident in its ability to go it alone. That changed today when T-Mobile CEO John Legere and Sprint CEO Marcelo Claure both said that there won't be any deal.

Lebanese Prime Minister Saad Hariri Announces Sudden Resignation
The country's political future is unclear after their leader resigns, attacking Iran and Hezbollah for meddling in Arab affairs. Several Hezbollah members are being tried in absentia for the killing by a UN-backed tribunal in The Hague, Netherlands.

Sprint Corp and T-Mobile USA Inc said on Saturday that they officially broke off merger negotiations, ending months of back-and-forth talks that would have created the third-biggest US wireless provider. However, we have agreed that it is best to move forward on our own.

This comes after Softbank reportedly torpedoed merger talks between Sprint and T-Mobile due to disagreements over how the combined company would be run. The decision to call off merger talks came after a meeting involving the heads of all four companies, according to The Wall Street Journal.

SoftBank plans to boost its stake in Sprint, already above 80%, by acquiring shares in the open market, people familiar with the matter said, though it won't seek full control.

Sikhs celebrate Guru Nanak Jayanti with traditional reverence
Born in 1469 in Rai-Bhoi-di Talwandi (Nankana Sahib, now in Pakistan), Guru Nanak Dev was the first of the 10 Sikh Gurus. Governor Shri Om Prakash Kohli has extended greetings to the people of the state on the occasion of Guru Nanak Jayanti.

It is still possible that Sprint will reject the new terms or decline investing any more effort into the potential merger. Sprint hasn't had a profitable year in a decade, leaving a pile of credits from net operating losses that could benefit T-Mobile.

T-Mobile has seen growth in customer numbers in recent years, which many view as a reward for pioneering more customer-friendly options such as dropping two-year contracts, The Associated Press reports.

Son met with Trump the month before he took office to talk up an investment in USA businesses. But T-Mobile lobbed in a last minute counter offer and there was hope again that a deal could be salvaged.

Syrian government forces will march to Raqqa soon, Iranian official says
Located in Anbar province, al-Qaim was the most important population centre in Iraq to remain under IS control. Deir Ezzor was also fully liberated on Friday, according to Syrian state media outlet SANA.

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