SoftBank May Appeal to U.S. Public for T-Mobile Support
SoftBank CEO and Sprint Chairman Masayoshi Son is prepared to take a new tack in its pursuit of T-Mobile: asking other businesses to approve. Son plans to appeal directly to the U.S. business community and to policy makers in the hope that it can convince them further consolidation in the industry is a good thing, according to sources cited by the Wall Street Journal. Son has already been warned by the U.S. Department of Justice and the Federal Communications Commission that a merger between Sprint and T-Mobile would undergo intense regulatory scrutiny. Son is prepared to speak at the Chamber of Commerce next week regarding competition in the wireless industry. It is possible he will use that stage to make his plea for a combined Sprint/T-Mobile. Son contends that neither Sprint nor T-Mobile can compete on their own against AT&T and Verizon Wireless, which together control two-thirds of the U.S. wireless market.
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Sprint Woes Weigh on SoftBank CEO Masayoshi Son
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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.
PLEASE GOD NO
Did everyone forget what happened with NEXTEL???? This MUST NOT HAPPEN!
It's not about what happened with Nextel. It's about an incompetent company with a history failed projects. Nextel, QChat, WiMAX, ...
"can't compete" nonsense
There is no reason why everyone has to be as big as Verizon. It's just a load of arbitrary BS.
Also note the backward logic. We have to buy up customers so we can be competitive? It's supposed to work the other way.