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SoftBank Group Q2 profit rises 21%, Son says merger doors with Sprint open

Sprint and T-Mobile said they had called off merger talks, denting the dealmaking credentials of Masayoshi Son

Reuters 

Sprint Corp can grow on its own but will still consider a merger if it can get management control, CEO Masayoshi Son of the US wireless operator's parent SoftBank Group Corp said, days after a move to combine with T-Mobile US Inc ended. Sprint and T-Mobile said on Saturday they had called off merger talks, denting the dealmaking credentials of Son, who has raised close to $100 billion for his Vision Fund to invest in technology companies. It also puts Son under pressure to find another way to turn around the carrier, the No. 4 US provider which is weighed down with $38 ...

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First Published: Mon, November 06 2017. 15:15 IST
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