Now, Reuters reports that SoftBank, the company that owns 83 percent of Sprint, is preparing to start negotiations with Deutsche Telekom, all in hopes of merging Sprint and T-Mobile. According to the information, SoftBank CEO Masayoshi Son is frustrated with the lack of growth from Sprint would cede control of Sprint over to Deutsche Telekom in order to get a T-Mobile deal done.
This would effectively merge Sprint and T-Mobile, but what the outcome of that is remains unknown.
Sprint actually abandoned plans to merge with T-Mobile once before because the FCC was expected to make the deal difficult, if at all possible. T-Mobile CEO John Legere actually said as recently as this year’s CES that a merger with Sprint is one “potential outcome,” so it appears that the possibility of a merger is here.
What do you think of the idea?