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Softbank may look to acquire T-Mobile if Sprint purchase fails

By Michael Heller

Published: Jun 07, 2013, 5:26 PM

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Softbank may look to acquire T-Mobile if Sprint purchase fails

Softbank has been officially set to acquire a majority share of Sprint since October, and the $20 billion deal keeps inching closer and closer to completion, but a new report says that Softbank has a backup plan in case the purchase doesn't get approval. Apparently, the fallback plan for Softbank is to follow in AT&T's footsteps and try to purchase T-Mobile.

A report from Reuters says that Softbank is already in talks with Deutsche Telekom to purchase T-Mobile U.S. The two companies have been in discussions over T-Mobile since last year, but talks have gained steam since Dish entered the race to purchase Sprint. Dish outbid Softbank for Sprint, offering a deal worth $25.5 billion.

Softbank's primary focus is still to close the deal for Sprint, but if that does fall through, it will push more aggressively for T-Mobile U.S., which is said to be valued at $15 billion. And, just to make things even more complicated, if Softbank does abandon its bid for Sprint, it could gain $5 billion from currency hedging gains, previously purchased Sprint shares, and breakup fees.

source: Reuters

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Michael Heller is known for his clear and informative articles on mobile technology. He explores important topics such as the rollouts of 5G networks and the advancements in mobile payments, offering readers insights into the evolving tech landscape.