Sprint, SoftBank Reportedly Holding Informal Talks With T-Mobile

According to a report from a few days ago, SoftBank’s CEO Masayoshi Son said that he would love to continue discussing a deal with T-Mobile in which Sprint and T-Mobile could potentially merge together. It turns out that it was more than just a wish because in a report from Bloomberg, those talks have already begun.

According to Bloomberg’s sources, it seems that informal talks between SoftBank, Sprint, and T-Mobile have already begun. However the talks are said to be in their very early stages so nothing is set yet. In fact it is so early that the banks that the companies might use to facilitate the sale haven’t even been hired yet, but the report claims that there are various financial firms who are throwing their names into the hat for consideration.

Talks about Sprint/SoftBank buying T-Mobile and merging have been going on for years, although in the past it seems that even such a notion was dismissed by the FCC back then due to potential anticompetitive reasons. However our previous report stated that Son felt that the current US government’s administration seems more open to such a deal, although we guess that remains to be seen.

T-Mobile USA’s parent company Deutsche Telekom has been trying to sell the company off for years, and at one point a deal with AT&T was almost came to fruition. However recently Deutsche Telekom’s CEO stated that he was no longer in the mood to sell off T-Mobile, but who knows, perhaps a good deal offered by SoftBank could change his mind.

Tyler Lee
Categories: Cellphones, Rumors
Tags: softbank, Sprint, T-Mobile