The CEO of Sprint owner SoftBank said he'll start a "massive price war" if his company can purchase T-Mobile US.Sprint is attempting to buy T-Mobile but hasn't reached an agreement yet. Even if it does, it could face opposition from a Federal Communications Commission that blocked AT&T's bid to purchase T-Mobile in 2011.
"We'd like to make a deal, but there are steps and details that we have to work out," SoftBank founder and CEO Masayoshi Son said on the Charlie Rose show this week. Rose suggested to Son that FCC Chairman Tom Wheeler might not want Sprint to buy T-Mobile because it would reduce wireless competition, but Son said that Sprint and T-Mobile today are "two little ones who are not able to fight without enough scale."
A combined Sprint/T-Mobile would turn the market into a "three heavyweight fight," Son said. "I would like to have the real fight, not a pseudo fight, the real fight," he said. "If I can have a real fight, I go in [with a] more massive price war."
Read 4 remaining paragraphs | Comments
































COLUMBIA, S.C. -- The South Carolina House refused Monday to back down from plans to punish two public colleges in the budget for assigning freshmen to read books dealing with homosexuality.