Business

Sprint names new CEO after dropping T-Mobile bid

By Peter Svensson
Published August 6, 2014 10:21pm ET
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Sprint names new CEO after dropping T-Mobile bid
FILE - In this Feb. 5, 2014 file photo, Bolivian billionaire Marcelo Claure, founder of Brightstar Corp., is interviewed following a news conference in Miami. Sprint on Wednesday, Aug. 6, 2014 said it is replacing its longtime CEO Dan Hesse with Claure on the heels of a report that it is dropping its bid for rival wireless carrier T-Mobile. Sprint says the 43-year-old Claure will replace Hesse on Monday, Aug. 11, 2014. (AP Photo/Lynne Sladky, File) | Lynne Sladky

NEW YORK (AP) — Sprint’s new owner is replacing its longtime CEO with a Bolivian billionaire and entrepreneur after dropping its bid for rival wireless carrier T-Mobile US.

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