Money

Sprint and T-Mobile call off merger talks after failure to reach agreement

Joint statement ends negotiations over a possible merger, something the two wireless carriers have been dancing around for years

Wireless carriers Sprint and T-Mobile have called off a potential merger, saying they could not come to an agreement that would benefit customers and shareholders.

The two companies have been dancing around a possible merger for years, and were again in the news in recent weeks with talks of coming together after all. But in a joint statement Saturday, Sprint and T-Mobile said they were calling off merger negotiations for the foreseeable future.

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