T-Mobile may need a little self-confidence boost, because it looks like Sprint is leaving it at the altar. Nikkei reports that SoftBank Group is planning to end negotiations for a merger between its subsidiary Sprint and T-Mobile U.S.
Like many couples, they just couldn’t agree on a prenup: The merger fell apart when the parent companies failed to come up with ownership terms for the entity that would have combined the No. 3 and No. 4 wireless service providers into one big happy wireless family, the Wall Street Journal reports. This is the second time that SoftBank has pursued T-Mobile only to get cold feet. Back in 2014, it wooed the company before getting scared that antitrust regulators wouldn’t allow it to merge.