Sprint owner SoftBank to invest $50 billion in U.S. tech sector, might give T-Mobile takeover another try

Sprint owner SoftBank to invest $50 billion in U.S. tech sector, might give T-Mobile takeover another try
Following a 45-minute meeting with U.S. President-elect Donald Trump, SoftBank executive Masayoshi Son revealed his plans to invest $50 billion in America, creating 50,000 new jobs in fields such as Internet of Things, artificial intelligence, deep learning, and robotics. Mr. Son, whose SoftBank conglomerate controls U.S. carrier Sprint, claims the money will be sourced from a $100 billion investment fund set up by himself, Saudi Arabia's sovereign-wealth fund, and potential partners.

Masayoshi Son is an active investor, having spent $22 billion to acquire the majority of Sprint in 2013, $1 billion in an investment round for online lender Social Finance Inc., and $32 billion on purchasing U.K. chip designer ARM Holdings, among various investments in countries such as South Korea and India. He also wanted to merge Sprint and T-Mobile, joining forces against AT&T and Verizon in the U.S., but regulators rejected his plans.

Informed investors and analysts believe that Son could make another lunge at T-Mobile after Trump is elected and a new chairman heads the Federal Communications Commission. However, he declined to comment his present interest in T-Mobile.

source: WSJ

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7 Comments

1. Klinton

Posts: 1409; Member since: Oct 24, 2016

Ooops, is started, even before to start!!!!

2. Kishin

Posts: 706; Member since: May 30, 2013

Its very much 2017 already, T-Mobile does not need anything but John Legere. Both Sprint and T-mobile has came long ways, Forget the competition it's not about service anymore but the extras like AT&T Data Free TV.

3. DGxumbreo7

Posts: 63; Member since: Nov 27, 2016

if gone about with care this could be big

4. trojan_horse

Posts: 5868; Member since: May 06, 2016

"SoftBank executive Masayoshi Son revealed his plansto invest $50 billion in America, creating 50,000 new jobs..." That's the kind of news the US citizens will want to hear. I just hope this happens to be a success... 50k jobs is pretty great.

9. kanagadeepan

Posts: 1278; Member since: Jan 24, 2012

As much it looks great, but Mergers bring more pink slips to existing jobs than new jobs actually...

5. Quicksword_Phantom

Posts: 180; Member since: Jun 15, 2015

I'll leave Tmobile stat if they merge with the s**ttiest service ever aka Sprint.

8. QWIKSTRIKE

Posts: 1461; Member since: Mar 09, 2010

When 2 large corporations merge the jobs always get axed. Spend that money densifying the sprint network

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