Sprint Chairman Says Carrier Still Interested in T-Mobile Purchase
March 10, 2014 2:11 PM
comment(s) - last by
He wants a fair fight with Verizon and AT&T
Japan's SoftBank Corp., which owns Sprint Corp., has mentioned its
interest in acquiring T-Mobile
before. The problem is potential government scrutiny of such a deal, but SoftBank CEO and Sprint Chairman Masayoshi Son has confirmed that he's still up for trying.
The Wall Street Journal
, Son said in a TV interview Monday that Sprint should purchase T-Mobile so that Verizon and AT&T -- the top two carriers in the U.S. -- have solid competition to keep them in check.
"I would like to have the real fight, OK? Not the pseudo fight, the real fight," said Son.
Son went on to say that he would like to see a deal happen, but recognizes that there are "steps and details" that need to be worked out first. There is currently no formal agreement between Sprint and T-Mobile.
A December 2013 report from
The Wall Street Journal
indicated Sprint's interest in T-Mobile, saying that such a deal could be worth
more than $20 billion USD
Masayoshi Son [SOURCE: Retuers]
However, such a merger is likely to face tough criticism from the U.S. Federal Communications Commission (FCC) and the U.S. Department of Justice (DOJ). The two killed off
AT&T's attempt to acquire T-Mobile
for $39 billion USD back in 2011, saying the deal could hurt competition in the U.S. wireless industry.
While SoftBank feels Sprint and T-Mobile are both too small to compete with Verizon or AT&T individually, the number of subscribers could hurt such a merger. T-Mobile currently has 45 million customers, Sprint has around 54 million subscribers, AT&T has 76.2 million subscribers and Verizon Wireless has 96.2 million customers.
Sprint is about midway between T-Mobile and AT&T in subscribers, so it could see some scrutiny for trying to purchase T-Mobile the way AT&T did.
Also, the potential merger has received criticism because T-Mobile is utilizing its "UnCarrier" strategies to offer better services to customers, such as paying up to
$350 in early termination fees
offering free roaming
for unlimited international text and data. Some worry that a deal with Sprint would stop T-Mobile from shaking up the industry with better deals.
Still, Son said Sprint has to "give it a shot."
The Wall Street Journal
This article is over a month old, voting and posting comments is disabled
3/14/2014 7:42:03 AM
If you can't beat them, buy them out of business.
I just switched to t-mobil from Big Red, and couldn't be happier.
"Paying an extra $500 for a computer in this environment -- same piece of hardware -- paying $500 more to get a logo on it? I think that's a more challenging proposition for the average person than it used to be." -- Steve Ballmer
Japan's Softbank Hungers for T-Mobile, FCC Says "Not so Fast"
February 4, 2014, 7:00 PM
T-Mobile Will Pay Up to $350 in ETFs Per Line for New Customers, Celebrates Over 1.6 Million Additions in Q4
January 8, 2014, 4:09 PM
Report: Fusion Fail? Softbank Wants to Merge Sprint and T-Mobile
December 15, 2013, 6:12 PM
T-Mobile Introduces Free Roaming for Unlimited International Text, Data
October 10, 2013, 12:38 PM
AT&T Tucks Its Tail Between Its Legs, Abandons T-Mobile Acquisition
December 19, 2011, 4:50 PM
Tech's Biggest Loser on Tax Day: eBay Pays Nearly 99 Percent Tax Rate
April 15, 2015, 3:28 PM
Death and Dragons -- Report Claims Game of Thrones Hit by Piracy "Tidal Wave"
April 10, 2015, 8:37 AM
Court Blocks Twitter and YouTube in Turkey After Pro-Communist Attack in Istanbul
April 6, 2015, 10:53 AM
In Graphics and Quotes: $10.4 Billion Charter & Bright House Merger
April 2, 2015, 5:19 PM
WSJ Report Implies That Google Leveraged Lobbying to Kill Antitrust Abuse Probe
March 25, 2015, 5:37 PM
Nationalist Hackers From Turkey Cause Chaos, Deface Dozens of Sites
March 16, 2015, 12:29 PM
Most Popular Articles
Raytheon $1.9 Billion Purchase of Websense Raises Tough Questions
April 20, 2015, 1:57 PM
After Record-Setting Week, Samsung Predicts 70 Million GS6/GS6 Edge Sales
April 17, 2015, 8:39 PM
HBO to VPN HBO Now Users: Prove You Live in U.S. or We Will Terminate You
April 21, 2015, 12:17 PM
Testers Trolled by Promise of Uninstallable Windows 10 Preview Build 10061
April 16, 2015, 2:52 PM
Apple Plans In-Store Workshops to Teach Users How to Use Its Smartwatch
April 17, 2015, 1:02 PM
Latest Blog Posts
Sceptre Airs 27", 120 Hz. 1080p Monitor/HDTV w/ 5 ms Response Time for $220
Dec 3, 2014, 10:32 PM
Costco Gives Employees Thanksgiving Off; Wal-Mart Leads "Black Thursday" Charge
Oct 29, 2014, 9:57 PM
"Bear Selfies" Fad Could Turn Deadly, Warn Nevada Wildlife Officials
Oct 28, 2014, 12:00 PM
The Surface Mini That Was Never Released Gets "Hands On" Treatment
Sep 26, 2014, 8:22 AM
ISIS Imposes Ban on Teaching Evolution in Iraq
Sep 17, 2014, 5:22 PM
More Blog Posts
Copyright 2015 DailyTech LLC. -
Terms, Conditions & Privacy Information