Menu
Report: Deutsche Telekom agrees to sell T-Mobile USA to SoftBank

Report: Deutsche Telekom agrees to sell T-Mobile USA to SoftBank

Details of an agreement to merge T-Mobile with SoftBank's Sprint aren't yet available

Deutsche Telekom has agreed to an offer for Japanese mobile and broadband company SoftBank to buy T-Mobile USA, according to a news report.

Japanese news site Kyodo News, which reported the agreement, didn't give details of the price or structure of the deal.

The deal would combine SoftBank-owned Sprint, the third largest U.S. mobile carrier, with T-Mobile, the fourth largest. The combined company would have more than 103 million subscribers, but it would still be No. 3 behind Verizon Wireless, with about 122 million subscribers, and AT&T, with 116 million.

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. A combined company would be able to invest in its network and push AT&T and Verizon on prices and services, he has said.

U.S. officials at the Federal Communications Commission and the Department of Justice have raised competitive concerns about a potential merger between Sprint and T-Mobile USA. Both agencies would have to approve the deal.

Officials with Deutsche Telekom and SoftBank weren't available for comment.

SoftBank's US$21.6 billion acquisition of Sprint closed last July.

Grant Gross covers technology and telecom policy in the U.S. government for The IDG News Service. Follow Grant on Twitter at GrantGross. Grant's email address is grant_gross@idg.com.


Follow Us

Join the newsletter!

Error: Please check your email address.

Tags business issuesU.S. Department of Justicesprinttelecommunicationmobiledeutsche telekomT-Mobile USASoftbankMergers and acquisitionsMasayoshi Son4g3gCarriersU.S. Federal Communications Commission

Featured

Slideshows

Sizing up the NZ security spectrum - Where's the channel sweet spot?

Sizing up the NZ security spectrum - Where's the channel sweet spot?

From new extortion schemes, outside threats and rising cyber attacks, the art of securing the enterprise has seldom been so complex or challenging. With distance no longer a viable defence, Kiwi businesses are fighting to stay ahead of the security curve. In total, 28 per cent of local businesses faced a cyber attack last year, with the number in New Zealand set to rise in 2017. Yet amidst the sensationalism, media headlines and ongoing high profile breaches, confusion floods the channel, as partners seek strategic methods to combat rising sophistication from attackers. In sizing up the security spectrum, this Reseller News roundtable - in association with F5 Networks, Kaspersky Lab, Tech Data, Sophos and SonicWall - assessed where the channel sweet spot is within the New Zealand channel. Photos by Maria Stefina.

Sizing up the NZ security spectrum - Where's the channel sweet spot?
Show Comments