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SoftBank's Masayoshi Son to Meet with FCC

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Feb 3, 2014, 8:36 AM   by Eric M. Zeman

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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Feb 4, 2014, 1:30 PM

Go Sprint!!!

I hope this goes through. T-Mobile by itself will never grow past the number 3 spot, and with the leadership, and money, of Softbank I don't even thiink that is possible. Sprint and T-mobile combined will truly shake up the industry. Despite what most of you think T-Mobile is not gonna cause majot change in its current state. It is up for sale and will be eventually sold. At least Sprint has shown a desire to keep monthly charges low and data unlimited. In fact, when you factor in the financing of the phone, they are lower than T-Mobile. Despite what you may think they already cover more pops than T-mobile with LTE (I can personally attest to the wonderful coverage in South Florida). So it would be a win. Now how the merger of technologies w...

Feb 4, 2014, 9:11 AM

My hope...

...is that SoftBank/Sprint do hash out all the details of this proposal--including a hefty breakup fee a la the AT&T/T-Mobile proposal--and move forward with confidence this will gain approval.

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.

Feb 3, 2014, 10:37 AM

Heavy scrutiny

This is very, very good news. Hopefully this will be shot down before it ever comes to fruition. I'm not sure how Son is going to try to convince them that this would be good for the people and good for competition, most people can see already that clearly, it would not be.

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 😁
Seriously though, the last thing we need is a third Verizon clone.
Except that Sprint and T-Mobile can't compete on their own against the monsters of AT&T and VZW. Combined they don't even have as many subscribers as AT&T. But combined they have a chance of competing with the big two
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