Sprint Chairman Says Carrier Still Interested in T-Mobile Purchase
March 10, 2014 2:11 PM
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
"I'd be pissed too, but you didn't have to go all Minority Report on his ass!" -- Jon Stewart on police raiding Gizmodo editor Jason Chen's home
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
Netflix took a decision to invest in original content
January 19, 2017, 7:00 AM
Amazon Airborne Fulfillment Center – Your Merchandise Drop-Shipped from the Clouds
December 29, 2016, 5:00 AM
Amazon is experimenting with a new kind of grocery stores, Amazon Go
December 8, 2016, 5:00 AM
Google has developed Deep Learning Algorithm to detect Diabetic Eye Disease
December 4, 2016, 5:00 AM
Google plans ultra-fast wireless Internet for Research Triangle Park, N.C.
August 12, 2016, 6:30 AM
Twitter Senior VP: "Diversity is Important, But We Can’t Lower the Bar"
November 9, 2015, 9:59 AM
Most Popular Articles
Super Hi- Vision Will Amaze the World
January 16, 2017, 9:53 AM
Samsung Chromebook Plus – Coming in February 2017
January 17, 2017, 12:01 AM
Comparison: Xiaomi Mi Mix Vs. HTC U Ultra
January 14, 2017, 12:10 AM
Gionee Marathon M5 Plus – China’s Flagship Smartphone
January 15, 2017, 2:02 AM
Products Improvements Come After CES And Corrections Too
January 15, 2017, 12:04 AM
Latest Blog Posts
Nintendo signals end for Wii U
Jan 21, 2017, 7:00 AM
Jan 20, 2017, 7:00 AM
News of the World
Jan 19, 2017, 7:00 AM
News of the Day Wednesday 1/18/2017
Jan 18, 2017, 12:01 AM
Jan 17, 2017, 12:16 AM
News of the Day
Jan 16, 2017, 12:10 PM
News and Technology Advancement
Jan 16, 2017, 7:58 AM
Jan 15, 2017, 12:32 AM
Here is Some News
Jan 14, 2017, 12:39 AM
News: Improved and New products
Jan 13, 2017, 12:01 AM
News around the world
Jan 12, 2017, 12:01 AM
Rumors and Announcements
Jan 11, 2017, 12:01 AM
This year CES and ridiculous gadgets
Jan 10, 2017, 12:01 AM
Nokia Android phone spurns the west.
Jan 9, 2017, 12:08 AM
New at CES 2017 - Changhong 8K Super Slim TV 65ZHQ3R
Jan 8, 2017, 1:07 AM
Debuted at CES 2017 - Vuzix Blade 3000 Smart Sunglasses
Jan 8, 2017, 12:39 AM
Some news of Day
Jan 7, 2017, 12:01 AM
News 2017 CES
Jan 6, 2017, 12:01 AM
Here is the Latest News in Tech
Jan 5, 2017, 1:47 AM
AI Beats World’s Best at Chinese board game “Go”
Jan 4, 2017, 11:21 AM
More Blog Posts
Copyright 2017 DailyTech LLC. -
Terms, Conditions & Privacy Information