Business: Sprint (Softbank) Jilts T-Mobile Again

 -WSJ

For the second time , Sprint is preparing to leave T-Mobile at the altar. For months the two U.S. wireless providers—No. 3 and No. 4 by subscribers—had been exploring a deal, seeking to create a player big enough to challenge the leaders in a rapidly changing market. But directors at Sprint’s parent company, Japan’s SoftBank, last week decided to suspend the efforts, catching T-Mobile officials off-guard. We report that SoftBank’s founder and chairman, Masayoshi Son, is concerned about giving up too much control. The talks still could be revived at a later date.