Sprint, T-Mobile end merger talks

A woman talks on her phone as she walks past T-mobile and Sprint wireless stores in New York

But none of those rumors were confirmed by the companies' chief executives. With its hoard of 2.5GHz high-frequency spectrum, Sprint would have been a ideal fit for T-Mobile and its cache of low-frequency airwaves in the 600MHz-700MHz bands.

Legere's statement called the prospect of combining with Sprint "compelling for a variety of reasons".

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Wireless carriers Sprint and T-Mobile called off a potential merger, saying the companies couldn't come to an agreement that would benefit customers and shareholders. Nonetheless, Claure said that "we have agreed that it is best to move forward on our own".

Reports from Japan earlier in the week claimed SoftBank, which owns Sprint, is set to pull the plug on a rumoured merger with Deutsche Telekom's T-Mobile over a dispute about who would control the combined company. "However, we have been clear all along that a deal with anyone will have to result in superior long-term value for T-Mobile's shareholders".

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Sprint Corp and T-Mobile US Inc said on Saturday they have called off merger talks to create a stronger USA wireless to rival to market leaders, leaving No. 4 provider Sprint to engineer a turnaround on its own. Claure, the Sprint CEO, is also a member of SoftBank's board. German majority owner Deutsche Telekom, which owns roughly 65 percent of the US carrier, was the first major carrier to eliminate two-year contracts, a shift quickly embraced by consumers and copied by competitors. With the new Trump administration, it was thought regulators might be more relaxed. According to Bloomberg reports, SoftBank made an offer to buy Charter in July, but this was rejected, with Charter set to launch its own mobile services next year running on Verizon's network.

T-Mobile, on the other hand, is still the fastest growing and most innovative carrier in the states.

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