T-Mobile being bought by SoftBank will result in consumers and channel partners having fewer national wireless competitors to choose from, according to one telecom solution provider that requested anonymity.
The shares of the USA wireless carriers surged Wednesday, as investors bet a deal may finally happen under the Trump administration's looser regulatory climate.
SoftBank Group CEO Masayoshi Son plans to shift his focus from turning around United States mobile unit Sprint to running a Dollars 100 billion tech investment fund, The Wall Street Journal reports.
Masayoshi Son, SoftBank's founder and chief executive, at a press briefing in Tokyo, said preparations for the company's $100bn Vision fund, focused on tech investments, were on track.
"What we have in our mind is T-Mobile US". Neither Sprint nor T-Mobile ever commented publicly about the rumors at the time.
Now, less than three years later, T-Mobile has become the third-place carrier, pushing Sprint to fourth place. "And so that is why we want to be open if there are any other possibilities with better conditions and better opportunities for this industry consolidation".
Grand jury subpoenas issued in FBI's Russia investigation
They also ask for information about any financial or real estate holdings related to Russian Federation , including any since divested or sold.
Just last week, T-Mobile US announced it will use its newly acquired 600 MHz spectrum as part of its plans to launch a nationwide 5G network starting in 2019.
Mr. Son also said he would explore possibilities other than a combination with T-Mobile: "We're basically open to anything".
Son had considered a purchase of T-Mobile in the past, but that plan was scuttled when regulators with the U.S. Federal Communications Commission and Justice Department voiced their opposition to such a deal. Yet, the talks may not interest T-Mobile anymore, he added.
T-Mobile's John Legere. Image source: T-Mobile.
"If they can't agree to terms, both companies have alternative options", Chaplin said in an interview. Sprint owns the license to more than 160 MHz of 2.5 GHz spectrum in the top 100 USA markets. Masayoshi Son, billionaire founder of the Japanese internet and telecoms group, said for its full-year results.U.S. telecom groups have been temporarily unable to discuss deals during a government-run auction of airwaves. Ray said the biggest news there is about High Performance User Equipment (HPUE), a handset-based technology that probably provides some benefits for Sprint, but he said it's a far cry from leveling the playing field with mid-band spectrum.