SoftBank Willing to Cede Control of Sprint in Potential Merger with T-Mobile

SoftBank Willing to Cede Control of Sprint in Potential Merger with T-Mobile

Since 2013, there have been talks and rumors suggesting that Sprint, the fourth-largest wireless network in the United States, could find its way merging with the third-largest network, T-Mobile.

Those two carriers only recently switched positions. When these rumors first cropped up, Sprint was in “third place,” with T-Mobile still scrambling to become the Un-carrier and propel itself up the ranked ladder. But, those talks are once again resurfacing, as Reuters reports that Sprint parent company, SoftBank, is willing to make some drastic decisions to make it happen.

According to the report, SoftBank is prepared to “cede control of Sprint” over to Deutsche Telekom, the company running the T-Mobile show. This would effectively allow for Sprint and T-Mobile to merge into one network, and it is said that the two companies are preparing to start negotiations sometime in April of this year.

SoftBank’s CEO, Masayoshi Son, is said to be frustrated with the lack of growth from Sprint in the U.S., which is in part why these negotiations seem close to kicking off.

[Source: iPhoneHacks]
Read Also:  T-Mobile and Sprint in Final Talks Regarding a Merger
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