Softbank

T-Mobile merger with Sprint looks more likely as Softbank and Deutsche Telekom agree on sale

T-Mobile merger with Sprint looks more likely as Softbank and Deutsche Telekom agree on sale

Softbank is making an end-run around concerns about a merger of Sprint and T-Mobile US by instead hitting up T-Mobile's parent company Deutsche Telekom. As reported by Japanese news agency Kyodo, Japan-based Softbank has entered into an agreement with Germany-based Deutsche Telekom to buy the latter's ownership stake in US carrier T-Mobile. The US Federal Communications Commission and...

Derek Kessler 19
FCC gives go-ahead for SoftBank purchase of Sprint, Sprint acquisition of Clearwire

FCC gives go-ahead for SoftBank purchase of Sprint, Sprint acquisition of Clearwire

The Federal Communications Commission has approved SoftBank's purchase of Sprint, along with Sprint's own acquisition of Clearwire. FCC approval was the last government review needed before the deal could go through. In a statement, CEO Dan Hesse praised the decision, calling the purchases "transformative transaction" that will rescue the wireless industry from a duopoly. From Sprint:

Joseph Keller 1