TweakTown
Tech content trusted by users in North America and around the world
6,202 Reviews & Articles | 40,040 News Posts
TRENDING NOW: Samsung wants the US government to block GeForce GPU shipments

T-Mobile USA to be sold to SoftBank according to reports

Reports claims that Softbank may be in the process of buying T-Mobile USA possibly combining T-Mobile and Sprint

| Business, Financial & Legal News | Posted: May 30, 2014 11:33 am

A report is making the rounds that originated with a Japanese publication called Kyodo News. The report claims that Deutsche Telekom has agreed to sell T-Mobile USA to Softbank. The Japanese report didn't offer details on the transaction such as pricing or the structure.

 

TweakTown image news/3/8/38088_3_t_mobile_usa_to_be_sold_to_softbank_according_to_reports.jpg

 

Another report on the topic from Reuters claims that no decision is close on the deal. Reuters claims that while the two firms are interested in making a deal for T-Mobile, there are numerous hurdles to overcome.

 

Presumably the deal would meet with regulator kickback sense the FCC in the US is keen on having four major providers. AT&T tried to buy T-Mobile in the past and regulatory approvals that were needed for the deal to go through weren't given. Softbank owns Sprint, and Sprint is well behind the first and second place carriers in the US so it may have a better chance of getting a T-Mobile deal done.

NEWS SOURCES:Techspot.com

Related Tags

Further Reading: Read and find more Business, Financial & Legal news at our Business, Financial & Legal news index page.

Do you get our news RSS feed? Get It!

Got an opinion on this news? Post a comment below!

Latest News Posts

View More News Posts

Forum Activity

View More Forum Posts

Press Releases

View More Press Releases