Items tagged with Masayoshi-Son
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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While plenty are skeptical of the value to consumers if Sprint is allowed to acquire T-Mobile, effectively reducing the number of wireless carriers in the U.S. from four to three, Sprint’s chairman Masayoshi Son (who is also the president of SoftBank) promises that it will be a boon to all. Son told Charlie Rose that he wants to be a true heavyweight in the mobile provider fight--which he can and will do, as long as the T-Mobile acquisition goes through. “We need a certain scale, but once we have enough scale to have a level fight, OK,” he said “It’s a three-heavyweight fight. If I can have a real fight, I go in a more massive price war, a technology war.”...
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