The T-Mobile and Sprint merger is off — again

T-Mobile and Sprint won't be joining forces after all.

The two companies ended a months-long negotiation to merge after failing "to find mutually agreeable terms," they said in a joint statement released early Sunday. The move marks the second time in three years that Sprint and T-Mobile have called off a deal. Talks for T-Mobile to acquire Sprint previously fell apart in 2014.

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Neither company elaborated on why the latest talks broke down. In a statement, Sprint CEO Marcelo Claure said the two telecoms "agreed that it is best to move forward on our own." Read more...

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