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SoftBank’s Son Wants to Boost U.S. Carrier Speeds, Cut Costs

SoftBank Corp.’s Masayoshi Son said he wants to improve wireless connection speeds and lower monthly bills for U.S. customers as he pursues the acquisition of T-Mobile US Inc.

At SoftBank’s annual shareholder meeting today, the billionaire chairman said he wants to expand in the U.S. because its population growth and gross domestic product both exceed Japan’s. Son, whose company paid $22 billion for Sprint Corp. last year and is the largest investor in Alibaba Group Holding Ltd., said he believes the U.S. wireless industry is “one of the least satisfactory” in the world.