Sprint To Replace CEO, Drop Bid For T-Mobile Amid Tough Regulatory Climate

See the original posting on TechCrunch

Sprint will drop its efforts to buy T-Mobile amid a hostile regulatory climate, and financing difficulties. The prospect of lowering the number of major mobile carriers in the United States from four to three proved unpopular among United States government regulatory bodies.
In addition to walking away from its merger efforts, Sprint will reportedly appoint a new CEO tomorrow, according to… Read More