Companies put an end to the extensive
speculation around a transaction
Add after last paragraph of release: forward-looking statements
paragraphs for T-Mobile US, Inc. and Sprint.
The corrected release reads:
T-MOBILE AND SPRINT END MERGER
DISCUSSIONS
Companies put an end to the extensive
speculation around a transaction
T-Mobile (NASDAQ: TMUS) and Sprint (NYSE: S) today jointly
announced that they have ceased talks to merge as the companies
were unable to find mutually agreeable terms.
“The prospect of combining with Sprint has been compelling for a
variety of reasons, including the potential to create significant
benefits for consumers and value for shareholders. However, we
have been clear all along that a deal with anyone will have to
result in superior long-term value for T-Mobile’s shareholders
compared to our outstanding stand-alone performance and track
record,” said John Legere, President and CEO of T-Mobile US, Inc.
“Going forward, T-Mobile will continue disrupting this industry and
bringing our proven Un-carrier strategy to more customers and new
categories – ultimately redefining the mobile Internet as we know
it. We’ve been out-growing this industry for the last 15
quarters, delivering outstanding value for shareholders, and
driving significant change across wireless. We won’t stop now.”
Sprint President and CEO and Softbank Board member Marcelo
Claure said: “While we couldn’t reach an agreement to combine our
companies, we certainly recognize the benefits of scale through a
potential combination. However, we have agreed that it is best to
move forward on our own. We know we have significant assets,
including our rich spectrum holdings, and are accelerating
significant investments in our network to ensure our continued
growth. As convergence in the connectivity marketplace continues,
we believe significant opportunities exist to establish strong
partnerships across multiple industries. We are determined to
continue our efforts to change the wireless industry and compete
fiercely. We look forward to continuing to take the fight to the
duopoly and newly emerging competitors.”
About T-Mobile US, Inc.:
As America's Un-carrier, T-Mobile US, Inc. (NASDAQ: TMUS) is
redefining the way consumers and businesses buy wireless services
through leading product and service innovation. Our advanced
nationwide 4G LTE network delivers outstanding wireless experiences
to 70.7 million customers who are unwilling to compromise on
quality and value. Based in Bellevue, Washington, T-Mobile US
provides services through its subsidiaries and operates its
flagship brands, T-Mobile and MetroPCS. Our filings with the SEC,
including our most recently filed Annual Report on Form 10-K,
describe risks that could affect our future results. For more
information, please visit http://www.t-mobile.com.
About Sprint:
Sprint (NYSE: S) is a communications services company that
creates more and better ways to connect its customers to the things
they care about most. Sprint served 54 million connections as of
Sept. 30, 2017 and is widely recognized for developing, engineering
and deploying innovative technologies, including the first wireless
4G service from a national carrier in the United States; leading
no-contract brands including Virgin Mobile USA, Boost Mobile, and
Assurance Wireless; instant national and international push-to-talk
capabilities; and a global Tier 1 Internet backbone. Sprint has
been named to the Dow Jones Sustainability Index (DJSI) North
America for the past five years. You can learn more and visit
Sprint at www.sprint.com or www.facebook.com/sprint and
www.twitter.com/sprint.
T-MOBILE US, INC. FORWARD-LOOKING STATEMENTS
This news release includes "forward-looking statements" within
the meaning of the U.S. federal securities laws. Any statements
made herein that are not statements of historical fact, including
statements about T-Mobile US, Inc.'s plans, outlook,
beliefs, opinions, projections, guidance, strategy, store openings,
deployment of spectrum and expected network modernization and
other advancements, are forward-looking statements. Generally,
forward-looking statements may be identified by words such as
"anticipate," "expect," "suggests," "plan," “project,” "believe,"
"intend," "estimates," "targets," "views," "may," "will,"
"forecast," and other similar expressions. The forward-looking
statements speak only as of the date made, are based on current
assumptions and expectations, and involve a number of risks and
uncertainties. Important factors that could affect future results
and cause those results to differ materially from those expressed
in the forward-looking statements include, among others, the
following: competition in the wireless services market, including
new competitors entering the industry as technologies converge; the
potential for and the effects of any future industry consolidation;
the timing, scope and financial impact of our deployment of
advanced network and business technologies; the impact on our
networks and business from major technology equipment failures;
existing or future litigation; any changes in the regulatory
environments in which we operate, including any increase in
restrictions on the ability to operate our networks; the ability to
make payments on our debt or to repay our existing indebtedness
when due; adverse change in the ratings of our debt securities or
adverse conditions in the credit markets; and other risks described
in our filings with the Securities and Exchange Commission,
including those described in T-Mobile’s most recently filed Annual
Report on Form 10-K. You should not place undue reliance on these
forward-looking statements. T-Mobile does not undertake to update
forward-looking statements, whether as a result of new information,
future events or otherwise, except as required by law.
SPRINT SAFE HARBOR
This release includes “forward-looking statements” within the
meaning of the securities laws. The words “may,” “could,” “should,”
“estimate,” “project,” “forecast,” “intend,” “expect,”
“anticipate,” “believe,” “target,” “plan”, “outlook,” “providing
guidance,” and similar expressions are intended to identify
information that is not historical in nature. All statements that
address operating performance, events or developments that we
expect or anticipate will occur in the future — including
statements relating to our accelerated investments in our network —
are forward-looking statements. Forward-looking statements are
estimates and projections reflecting management’s judgment based on
currently available information and involve a number of risks and
uncertainties that could cause actual results to differ materially
from those suggested by the forward-looking statements. With
respect to these forward-looking statements, management has made
assumptions regarding, among other things, the development and
deployment of new technologies and services; efficiencies and cost
savings of new technologies and services; customer and network
usage; connection growth and retention; service, speed, coverage
and quality; availability of devices; availability of various
financings, including any leasing transactions; the timing of
various events and the economic environment. Sprint believes these
forward-looking statements are reasonable; however, you should not
place undue reliance on forward-looking statements, which are based
on current expectations and speak only as of the date when made.
Sprint undertakes no obligation to publicly update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise, except as required by law. In addition,
forward-looking statements are subject to certain risks and
uncertainties that could cause actual results to differ materially
from our company's historical experience and our present
expectations or projections. Factors that might cause such
differences include, but are not limited to, those discussed in
Sprint Corporation’s Annual Report on Form 10-K for the fiscal year
ended March 31, 2017. You should understand that it is not possible
to predict or identify all such factors. Consequently, you should
not consider any such list to be a complete set of all potential
risks or uncertainties.
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version on businesswire.com: http://www.businesswire.com/news/home/20171104005056/en/
Media ContactsT-Mobile US Media
RelationsMediaRelations@T-Mobile.comorSprint Media RelationsDave
TovarDavid.Tovar@sprint.comorInvestor ContactsNils
PaellmannNils.Paellmann@T-Mobile.comorJud
HenryInvestor.Relations@Sprint.coom
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