WSJ: Sprint ending pursuit of T-Mobile

|By:, SA News Editor

The WSJ reports Sprint (NYSE:S) is abandoning its bid to acquire T-Mobile USA (NYSE:TMUS) due to excessive regulatory hurdles.

There were already many doubts about the ability of a Sprint/T-Mobile deal to pass muster with regulators.

If Sprint is out of the picture, the coast is clear for Iliad (OTC:ILIAF) to pursue T-Mobile, provided financing isn't an issue. There were multiple reports earlier today indicating T-Mobile is rejecting Iliad's initial $33/share offer for a 56.6% stake.

TMUS -5.6% AH