in ,

Sprint and Softbank CEOs to meet FCC officials today to discuss T-Mobile merger

T-Mobile / Sprint

A new report from The Wall street Journal claims that Dan Hesse of Sprint and Masayoshi Son of Softbank will meet with FCC officials to discuss a possible merger and acquisition of T-Mobile. It was reported in late December that Softbank was in talks to acquire T-Mobile, but things could be much different with Sprint joining the mix.

If the merger gets approval, there would only be three major carriers in the U.S. and this is reportedly a concern among FCC officials. However, as a counter to this argument, Sprint and Softbank are expected to make it clear that the merger of the two carriers will help curb the dominance of the big two (Verizon and AT&T). Sprint has already done its homework about the financial adjustments needed for the merger to go through. So if all goes according to plan, Sprint and T-Mobile could soon become one with the help of Softbank.

But until the FCC approves the merger, there’s no reason for either parties to react. The merger of Sprint and T-Mobile should make things more competitive in the U.S. which is currently dominated by Verizon and AT&T. We’ll keep you posted about this possible merger as we gather additional details.

Source: The Wall Street Journal

Via: Talk Android

Leave a Reply

Your email address will not be published. Required fields are marked *

HTC M8 to feature a similar design as the HTC One: Rumor

Samsung Galaxy S4: Problems, Questions, Solutions, Workarounds [Part 1]