TOKYO -- In the midst of an avalanche of bad news about layoffs at the startups that it backs, SoftBank Group is hoping for a rare boost of confidence: regulatory approval for its U.S. telecoms carrier Sprint to merge with rival T-Mobile. But SoftBank may not get it.
SoftBank
Spectre of blocked Sprint/T-Mobile merger spooks SoftBank
Failure to pull off deal would add extra pressure on group
Some analysts believe that Sprint, in which Softbank has an 85% stake, may be unable to survive if its planned merger with T-Mobile is blocked in a trial that ends this week. (Nikkei Montage)
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