It was three years ago when Softbank, who owns a majority of Sprint, tried buying T-Mobile but there was so much opposition from regulators that the company abandoned its plans.
It seems that the two companies may be in merger talks again according to a CNBC report that cited anonymous people familiar with the situation. Deutsche Telekom, the parent company of T-Mobile and Softbank have been in frequent discussions about a stock for stock merger according to the people.
Although both companies declined to talk about the talks, Softbank’s CEO Masayoshi Son said “It makes sense not to have just two with such big market-share and two little ones” in an interview for “The David Rubenstein Show: Peer-to-Peer Conversations” on Bloomberg Television.
He also said, “From day one, I wanted to acquire not just Sprint. Sprint and T-Mobile as a set, that was my strategy.”
People familiar with the situation have said that SoftBank is among the group of investors that are weighing to take a stake in Uber and the deal could be as high as $12 billion.
Son remarked about Uber and said, “We are considering, we have great interest. We have not decided — if we decide to do it, I think it has a great future.”
Disclaimer: We have no position in Sprint Corp (NYSE: S) nor T-Mobile Us Inc. (NASDAQ: TMUS) and have not been compensated for this article.