Sprint owner SoftBank says it’ll invest $50 billion in US under Trump

SoftBank CEO Masayoshi Son made a surprise appearance at Trump Tower where he appears to have worked out a deal with the President-elect to invest $50 billion in the US over the next four years and create 50,000 new jobs. Details of the planned investment are basically nonexistent, but it’s more than likely that it involves Sprint, which represents SoftBank’s main presence in the US. Sprint has been struggling since its acquisition by SoftBank in 2012, falling into fourth place among wireless carriers, behind T-Mobile, and cutting jobs in the face of rocky financials. "I just came to celebrate his new job. We were talking about it. Then I said I would like to celebrate his presidential job and commit, because he would do a lot of deregulation,” Son said. “I said this is great. The United States would become great again.” It wasn’t stated what Trump offered, aside from a lighter regulatory environment, to entice SoftBank.