Sprint Chairman Seeks to Woo US Regulators Over T-Mobile Bid
Published on: 3rd Feb 2014
Note -- this news article is more than a year old.
By: Ian Mansfield
Further speculation that Sprint will launch a takeover bid for T Mobile USA has been heightened by reports that Sprint's Chairman Masayoshi Son is due to have a meeting with the telecoms regulator to overcome their concerns.
Although the meeting is not said to be specific to the T-Mobile deal, it is understood to be on the agenda.
US regulators are said to be concerned about both the potential consolidation in the market as well as the fact that Sprint did not have a happy time of its previous large merger, with Nextel, which was later largely written off.
Sprint has however swapped out most of its senior management. Sprint's Chairman, Masayoshi Son is also the CEO of Softbank, the ambitious Japanese company that recently took control of Sprint.
The US Justice Department is also understood to be skeptical, and is touting its decision to block AT&'s attempt to buy T-Mobile in 2011 as an example of how increased competition is driving down consumer prices.