Deals
T-Mobile, Sprint Rise After SoftBank Says Its Eager to Start Talks
- ‘Quickest route to synergy’ is T-Mobile: Son tells reporters
- Industry giants entertaining big mergers under Trump
Softbank Is Keen on T-Mobile US Talks
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SoftBank Group Corp. Chairman Masayoshi Son’s remarks that he wants to restart merger talks between his Sprint Corp. and T-Mobile US Inc. sent the shares of the U.S. wireless carriers surging, as investors bet a deal may finally happen under the Trump administration’s looser regulatory climate.
Son, who became one of the world’s wealthiest men by turning Tokyo-based SoftBank into a telecommunications and technology powerhouse, sees a merger with T-Mobile as critical to creating a more robust competitor in a U.S. wireless business led by Verizon Communications Inc. and AT&T Inc.