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Sprint Majority Owner May Still Pursue T-Mobile Merger

Masayoshi Son, head of SoftBank Group, the Japanese tech and telecommunications giant that owns more than 80 percent of Sprint, is apparently waiting out the presidential election — and the possible appointment of a merger-friendly FCC chief — to revisit his dream of a merger with T-Mobile, which would create a formidable competitor to AT&T and Verizon.

“SoftBank Group Corp.’s Masayoshi Son has a 300-year plan, so if combining Sprint Corp. and T-Mobile US Inc. takes a few years longer than he hoped, that’s OK. “You would need to see a pretty significant reversal of fortunes across bothcompanies — Sprint and T-Mobile — for the antitrust enforcers to change theirviews,” said Gene Kimmelman, a former Justice Department official who’s now president of the Washington-based policy group Public Knowledge.”

Read More at Bloomberg