Sprint has decided to stop pursuing T-Mobile as a merger partner, The Wall Street Journal reports. The company also decided at a Tuesday board meeting to replace CEO Dan Hesse with Brightstar founder Marcelo Claure. It was first reported in December that Sprint was working toward a bid for T-Mobile. But facing opposition from regulators, Sprint has decided to refocus its efforts on its own rejuvenation. It’s expected that Sprint will make an official announcement today.
Sprint to cease pursuit of T-Mobile