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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.

@ShaneMcGlaun
Published Fri, May 30 2014 6:33 AM CDT   |   Updated Mon, Oct 19 2020 8:15 PM CDT

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.

T-Mobile USA to be sold to SoftBank according to reports | TweakTown.com

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 SOURCE:techspot.com

Shane is a long time technology writer who has been writing full time for over a decade. Shane will cover all sorts of news for TweakTown including tech and other topics. When not writing about all things geeky, he can be found at the track teaching noobs how to race cars.

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