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Sprint will be fine on its own, thank you: SoftBank's Son

Japanese parent upbeat about US unit's growth even with T-Mobile merger scrapped

SoftBank Group CEO Masayoshi Son noted growth by U.S. mobile carrier Sprint while discussing the Japanese company's earnings Monday.

TOKYO -- U.S. telecom Sprint is "becoming a growth engine" for SoftBank Group, the head of the Japanese parent told reporters here Monday, showing confidence in the unit's ability to make it alone following failed merger talks with rival T-Mobile US.

Masayoshi Son, chairman and CEO of the Japanese tech company, confirmed that a deal to combine Sprint -- the fourth-ranked U.S. mobile provider -- with the third-place carrier owned by Germany's Deutsche Telekom had fallen through. But Son remained upbeat, claiming he was "feeling bright" about the cancellation.

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