SoftBank on T-Mobile: 'We Have to Give It a Shot'
SoftBank CEO Masayoshi Son is convinced the only way Sprint and T-Mobile can compete against AT&T and Verizon is for the two smaller carriers to merge. Speaking on television with Charlie Rose, Son indicated that even though U.S. regulators have warned such a deal would face stiff opposition, Sprint is going to pursue T-Mobile anyway. "We would like to make the deal happen, but there are steps and details that we have to work out," said Son. "We have to give it a shot." AT&T and Verizon together control two-thirds of the U.S. wireless market. Even combined, Sprint and T-Mobile would be smaller than AT&T and Verizon Wireless by tens of millions of customers. Son said if the deal goes through, he'll launch a price war against the two larger carriers in order to break up the duopoly. Son and his team are actively engaging people in the wireless industry as well as in the government in order to convince them the deal has merit. Only after Son feels he has swayed their opinions will the company make an official bid for T-Mobile.
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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.
Get 'em Son
Do you ever hear about "the big three" in canada?
If not, I suggest you to make a little research,
2 years ago, I was paying $89.99 a month before taxes for wireless service, after changing my plan yesterday I will be...
Softbank against a cartel of the two largest carriers is going to be a very tough road that yields to Governement favoritism in this industry. While I agree 100% of what Son is trying to do, Verizon and AT&T are not going to sit through this. AND, Government is going to mesh up any downplay of this purchase.
While Tmobile maybe creating an initial shock in price shifting, Verizon doesn't seem worried at all and AT&T is playing follow the leader. Both playing the long time practice they have always played. Thus leading to no change in the industry. Alone, Tmobile's plan will be short lived in making sweeping changes. It is only absorbing some of the two largest carrier's worst customers...
No problem as long as...
quit thinking 10 yrs ago sprint....
and start think new, and strongly run, sprint/softbank....
WHOLEEEEE new ownership and control here