Deals
T-Mobile Cites Sprint Woes as Reason For Court to Clear Merger
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Sprint Corp. is unlikely to be a meaningful competitor as a standalone wireless company in the coming years because it’s struggling financially on multiple fronts with no end in sight, T-Mobile US Inc. said in response to a lawsuit by states seeking to block their merger.
Sprint has been steadily losing subscribers and market share, while struggling with a “huge debt load” and cash flow that’s been overwhelmingly negative, T-Mobile said in a court filing Wednesday in Manhattan.