Sprint Chairman confirms desire to buy T-Mobile, take on AT&T and VerizonAlex Wagner - Editorial Director of News and Content
Following months of whispers about a possible merger of Sprint and T-Mobile and speculation about whether or not such a deal would gain regulatory approval, Sprint Chairman Masayoshi Son has confirmed that he's interested in snapping up the big magenta operator.
Son, who also serves as CEO of Japanese carrier SoftBank, revealed in a recent interview that he wants to buy T-Mobile, but that there are some parts of the potential agreement that need to be worked on. "We would like to make the deal happen, but there are steps and details that we have to work out," the exec explained. Son went on to say that he hasn't yet struck a deal with T-Mobile, but that he does want to "give [it] a shot."
A recent rumor claimed that government officials have cast doubt on whether or not they'd approve a merger between Sprint and T-Mobile because they're happy with the current four carrier configuration of the U.S. wireless market. Son doesn't seem to be totally put off by the regulators' skepticism, though, saying that a T-Mo deal would enable him to create a stronger rival to AT&T and Verizon with better technology and better prices.
While Sprint and T-Mobile are the number three and four carriers in the U.S. in terms of size, it still seems likely that an agreement between the two operators would face quite a few hurdles on its path to completion. That's especially true given the Uncarrier moves that T-Mobile has made in the past year and the changes that they've caused other operators to make. Despite all of this, it appears that Masayoshi Son isn't quite ready to give up on is effort to take on AT&T and Verizon with Sprint-Mobile.
If Sprint and T-Mobile do reach a deal, do you think that there's any way that it could reach completion?