Sprint and T-Mobile End Merger Discussions [telecom]

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Sprint and T-Mobile said on Saturday that they had ended merger talks, marking the second time in three years that the two failed to reach a deal to create a stronger competitor to Verizon and AT&T.

The announcement represents a setback to Sprint, T-Mobile and their majority shareholders - Sprint is owned by the Japanese technology giant SoftBank and T-Mobile by Deutsche Telekom of Germany - in their efforts to create a stronger third-place competitor in the American wireless market.

The failure of the talks marked the second time in three years that the two failed to reach a deal to create a stronger competitor to Verizon and AT&T.