SoftBank CEO still wants to see a merger between Sprint and T-Mobile

SoftBank CEO still wants to see a merger between Sprint and T-Mobile
T-Mobile has been the subject of plenty of merger and acquisition rumors, including the infamous failure by AT&T to purchase T-Mobile (a failure that ended up helping make T-Mobile service far better because of the spectrum sharing provisions of the break up). The rumor of Sprint merging with T-Mobile has also been pretty consistent, a fact that Softbank CEO Masayoshi Son enjoys.

T-Mobile owner Deutsche Telekom reportedly stopped its efforts to sell the Uncarrier back in March, but a new report says that Sprint's parent Softbank is still holding out hope for a merger between Magenta and Yellow (a combination which actually makes red, but Verizon already owns that color.) According to Bloomberg, Masayoshi Son has a 300-year plan and merging Sprint (of which SoftBank owns 80%) with T-Mobile is still part of that plan. 

Son had considered purchasing T-Mobile back in 2014, but that plan reportedly fell through because the FCC and U.S. Department of Justice indicated they would block that attempt. However, since then Sprint has been in something of a tailspin while T-Mobile has been gaining steam, so the potential issues the FCC had might not apply anymore. Time will tell.

source: Bloomberg

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9 Comments

1. Derekjeter

Posts: 1548; Member since: Oct 27, 2011

PLEASE DON'T! Now that I switched to T-Mobile and are getting better speeds than ever I wouldn't want Sprints slow network to bug me down.

9. Acdc1a

Posts: 475; Member since: Jan 21, 2016

It's not going to happen in the near future.

2. iLexus

Posts: 24; Member since: Jul 30, 2009

It'll be a cold day in Hell before the FCC will ever let Sprint & Tmobile merge. The FCC already stated they wanted to keep 4 major carriers here in the U.S. to keep competition. I cannot imagine what prices will be like 3 carriers.

4. imbruiselee

Posts: 6; Member since: Mar 18, 2014

I can, I live in Canada and it has been cold here for a loooooong time. 3 major carriers buy up any small attempt at change and dissolve them or incorporate them to reflect the same pricing structure as their own. There is no competition. You get the same prices all across the board with all three carriers. All we have is Wind Mobile that is attempting to be like T-Mobile. The only thing is that the government only gave them the crappiest short range frequency when they started out. They had the opportunity to purchase better but, their parent company backed out in part to how ridiculously the odds are stacked against them in Canada. They are getting better but not at the same rate as T-Mobile has. Anyone in Canada who thinks that the big 3 are awesome have not been outside of Canada.

8. Subie

Posts: 2415; Member since: Aug 01, 2015

I agree with you on pricing, but coverage quality and availability are a different story from province to province.

3. JadeMoon

Posts: 145; Member since: Aug 12, 2012

I object to this merger. Sprint is garbage- If this were to happen I'd move my business from T-Mobile to AT&T.

5. Fona13A unregistered

I'm not exaggerating when I say my parents ended up saving 400$ after ditching Sprint when the 3G "revolution" fired off. It was the best financial decision they've made back then. Why should SoftBank let Verizon have a monopoly in the CDMA spectrum? Sure Sprint is s**t but competition is competition, even if we hate the competition.

6. joey_sfb

Posts: 6794; Member since: Mar 29, 2012

Doesn't matter what you want you president and Congress exist to serve solely special interests groups such as these.

7. XperiaFanZone

Posts: 2280; Member since: Sep 21, 2012

Go and f**k yourself SoftBank, you invaded a foreign country's top tech company, now you wanna mess with a Dutch company in another foreign country -_-

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