SoftBank CEO Says T-Mobile Deal Is Plan B If He Loses Sprint
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SoftBank Corp. Chief Executive Officer Masayoshi Son, seeking to expand into the U.S. wireless market, said he sees T-Mobile US Inc. as a “Plan B” acquisition target if he fails to purchase Sprint Nextel Corp.
“I plan to go with Plan A if possible,” Son told a Bloomberg reporter in Tokyo today, referring to the company’s October agreement to buy Sprint. SoftBank increased its bid for Sprint to $21.6 billion this week, aiming to ward off a counteroffer from Dish Network Corp. Son said he doesn’t have any concern about SoftBank’s ability to finance the deal.