Takashi Amano
Sprint Chairman Vows ‘Price War’ If T-Mobile Deal Allowed
SoftBank President Masayoshi Son said he’ll start a “massive price war” in the US if regulators let his Sprint purchase T-Mobile US.
The billionaire, who bought control of the third-largest wireless carrier in 2013, said combining with fourth-ranked T-Mobile would give him scale to compete against AT&T and Verizon Communications. Those operators collect most of the US mobile industry’s cash flow and don’t face “real competition,” Son said in an interview with PBS’s Charlie Rose.
[March 11]