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Softbank still wants Sprint and T-Mobile to merge

18 February, 2017, 00:54 | Author: Abraham Jackson

3 and 4 wireless providers.

Sprint parent company SoftBank is prepared to sell Sprint to T-Mobile parent company Deutsche Telekom, reviving a potential merger between the two companies, reports Reuters.

Sprint, owned by the Japanese company Softbank, and T-Mobile, owned by German company Deutsche Telekom, are trying to clinch a merger.

With Verizon and AT&T both fighting to keep customers with new unlimited plans this week and 5G networks on the horizon, a merger could be mutually beneficial for Sprint and T-Mobile.

RBC Capital, in a January 29 research note, said the Department of Justice would still veto a Sprint-T-Mobile deal.

Sprint and T-Mobile, led by CEO John Legere, are reportedly eying a merger again.

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What do you think of the idea?

The auction is in its final stages and is expected to end in early March, at which time, analysts have said there could be some major consolidation in the telecom space.

No talks between SoftBank and Deutsche Telekom are now happening because of the FCC's 600MHz spectrum auction that prevents collusion between competing companies.

Complicating matters somewhat is Deutsche Telekom Chief Executive Tim Hoettges' insistence that the company's not willing to part with T-Mobile. But Reuters, which pinned the report on people familiar with the matter, said merger discussions could begin in April.

It explored the idea in 2014, only to back down after telecom regulators made it clear they would block any acquisition of the fourth-largest USA carrier. He has also been sharply critical of companies that have moved manufacturing operations to Mexico and elsewhere.In February, SoftBank Chief Executive Officer Masayoshi Son, who a year ago pledged a $50 billion investment and 50,000 new U.S.jobs, said the Japanese firm should benefit from Trump's promised deregulation of the American economy and that he is keeping his options open about Sprint."President Trump has promised to ease various regulations and that should make it easier to do business", Son said at the time.

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