Saturday May 31, 2014

Deutsche Telekom Agrees to Sell T-Mobile USA to SoftBank

Japanese mobile corporation Softbank has an agreement in hand from Deutsch Telecom to purchase T-Mobile (USA). The deal, once completed, will join Softbank’s purchase of Sprint last year with Deutsch Telecom’s T-Mobile (USA). Final approval will depend on the findings of the FCC and Justice Department.

SoftBank CEO Masayoshi Son has pushed for a merger between Sprint and T-Mobile, saying a combined company is necessary to successfully compete with the two largest mobile carriers.