T-Mobile and Sprint were first reported to be in merger talks in late August, with the announcement originally planned for the end of October. Last month, a report from Bloomberg stated that the carriers' parent companies (Deutsche Telekom and SoftBank) were in the final stages of an agreement. But the end of October came and went with no announcement.
The Wall Street Journal and Nikkei reported a few days ago that SoftBank, Sprint's parent company, seemingly pulled out of the agreement over ownership concerns.
Read MoreT-Mobile reportedly trying to salvage merger effort, gives counter-offer to Sprint was written by the awesome team at Android Police.
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