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
Popular stories
Latest News
Things that are NOT allowed:
To help keep our community safe and free from spam, we apply temporary limits to newly created accounts: