On October 30th 2017, Softbank, the parent company of mobile phone service provider Sprint announced that it was officially calling off its merger with cell service provider T-Mobile. The deal purportedly broke down over the stipulation of which parent company would hold the controlling interest after closing. Originally, T-Mobile's parent company, Deutsche Telekom had insisted that it would be in control, with Sofbank in agreement before it recently, changed its mind.
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