Items tagged with Deutsche-Telekom
It’s been a whirlwind week in the wireless industry. Verizon disturbed the hornet’s nest when it unveiled its Verizon Unlimited plan, which prompted direct responses from T-Mobile, Sprint and AT&T (in that order). Now were hearing about another shakeup that could be coming down the line — a merger between Sprint and T-Mobile. We’ve heard talks about such a mashup before, but it appears that the big change this time around is that Sprint’s parent company, Japan's SoftBank, is willing to cede control of the company. The merger would bring together America’s third-place (T-Mobile) and fourth-place (Sprint) wireless carriers, putting the combined company in a better position to take on Verizon...
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Back in December, we caught wind that Japan’s Softbank was looking to snag T-Mobile, and now that deal is closer to becoming reality, according to new reports. Deutsche Telekom AG currently owns a majority stake in T-Mobile, but it’s apparently willing to sell that majority to Softbank while keeping a minority stake for itself. The news was originally leaked by Kyoto News Agency, but Reuter’s sources confirmed it while noting that there have been complications, not the least of which is overcoming regulatory concerns in the U.S. Softbank/Sprint's Son (Credit: Tomohiro Ohsumi/Bloomberg) The issue here is primarily is that Softbank also owns most of Sprint, and if it acquires...
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