Saturday June 08, 2013

Softbank Reportedly Eyeing T-Mobile as ‘Plan B’

Japanese Telecommunications Company SoftBank is looking to break into the US wireless market one way or another. At present ‘Plan A’ requires the purchase of Sprint Nextel, but Dish Network has made a bid and could sour the deal. ‘Plan B’ for SoftBank is entering into talks with Deutsch Telecom to purchase T-Mobile. It’s apparent that SoftBank is not going away quietly without a foothold in the US wireless market.

Dish has jumped not only the Sprint-SoftBank deal, but also a related acquisition of Clearwire Corp (CLWR.O) by Sprint. Clearwire has wireless airwaves that both companies want. Sprint already owns a majority stake in Clearwire.