The Traderszone Network

Published in TZ Latest News 5 August, 2014 by The TZ Newswire Staff

Sprint drops bid to buy T-Mobile: source

Sprint will name a new chief executive officer on Wednesday to replace Dan Hesse, the person said. Hesse has been CEO of Sprint since 2007. The announcements would signal the end of a prolonged push by Sprint’s parent company, SoftBank Corp (9984.T), to acquire rival T-Mobile, despite warnings from regulators that they wish to maintain four major players in the wireless market.