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Softbank Talks To D. Telekom On Sprint-T-Mobile: Bloomberg


Ron Burgundy
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A woman walks past logos of SoftBank Corp at its branch in TokyoSoftbank Corp has entered direct talks with Deutsche Telekom as it seeks to combine its Sprint Corp unit with the German company's T-Mobile US, Bloomberg reported on Sunday, citing people familiar with the matter. Deutsche Telekom this week transferred ownership of its 67 percent stake in T-Mobile to a Dutch holding company from a German holding company, fuelling speculation it may be looking to sell the U.S. business. Sprint and T-Mobile US have long wanted to combine to create a stronger rival against the top two U.S. mobile carriers, Verizon and AT&T, while Softbank CEO Masayoshi Son wants to build the world's biggest mobile Internet company.




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