SoftBank’s Son has his work cut out after rare defeat with Sprint
When Masayoshi Son clashes with regulators, as the Japanese telecommunications billionaire often does, it is usually his opponents who limp away in defeat. So his decision to give up trying to buy T-Mobile US and merge it with Sprint is more surprising than it ought to be -- even with the Federal Communications Commission and seemingly most of Washington lined up against the deal. Son now faces two choices as he seeks to remake Sprint into a top-tier player in the US mobile market: He can take another run at an acquisition -- of T-Mobile or someone else -- or try to expand Sprint organically using the aggressive pricing tactics that turned SoftBank into a mobile power in Japan.