ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Business

SoftBank nearing deal for Sprint, T-Mobile merger

SoftBank CEO Masayoshi Son has been lobbying Washington to get a merger between T-Mobile and Sprint approved.

TOKYO -- SoftBank has reached a basic agreement to acquire T-Mobile US from German parent Deutsche Telecom, paving the way for a merger between the fourth-ranked U.S. mobile carrier and rival Sprint.

     The two sides are still ironing out the details, and the deal needs clearance from U.S. regulators. Together, third-ranked Sprint, acquired by SoftBank last year, and T-Mobile have some 100 million U.S. subscribers, putting their combined customer base on par with those of Verizon Wireless and AT&T.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more