SoftBank's Masayoshi Son to Meet with FCC
SoftBank CEO and Sprint Chairman Masayoshi Son is meeting with the head of the Federal Communications Commission today in an attempt to convince the regulatory body that combining Sprint and T-Mobile would be good for the wireless industry. Last week, officials at the U.S. Department of Justice indicated to Son and Sprint CEO Dan Hesse that the agency would not look favorably on such a merger and it would face heavy scrutiny. Son is already holding high-level talks with Deutsche Telekom, T-Mobile's parent company. The companies have not publicly announced plans to merge and are still hashing out details, such as a potential break-up fee, which management team would lead moving forward, and which brand would be preserved. Son intends to argue to the FCC that a combined T-Mobile/Sprint would be a stronger competitor to market leaders AT&T and Verizon Wireless. Sprint CEO Dan Hesse will also attend the meeting.
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Samsung's new Galaxy S8 and S8+ smartphones will cost $750 and $850, respectively. The phones share almost all features other than size and both ship with 64 GB of internal storage.
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Sprint Woes Weigh on SoftBank CEO Masayoshi Son
SoftBank's plans for Sprint have not unfolded as CEO Masayoshi Son hoped. Son initially believed a merger with competitor T-Mobile would serve the carrier, but was dismayed when U.S.
SoftBank to Trim Thousands of Jobs at Sprint
Masayoshi Son, CEO of SoftBank, said the company plans to eliminate thousands of jobs at Sprint in order to reduce costs and aid in the company's turn-around plans. Son made the comments while discussing SoftBank's financial performance, which was impacted negatively by Sprint.
And when it doesn't, T-Mobile will be laughing all the way to the bank again, and gain an even healthier footing than they had the first time they played this little game. T-Mobile is a dark horse. And I like it.
I think the problem is these high-level talks. Is somebody inhailing helium? They should try hexaflouride, then they can have some low-level talks