Telecoms Surge As Softbank Reportedly Plans T-Mobile-Sprint Merger
Japanese telecom giant Softbank - which owns Sprint - is reportedly looking at T-Mobile US for a merger. This would be the second attempt after 2014's approach was rebuffed by US regulators.
It appears the entire sector is bid on the news... even AT&T...
As Reuters details, SoftBank has not yet approached Deutsche Telekom to discuss any deal because the U.S. Federal Communications Commission has imposed strict anti-collusion rules that ban discussions between rivals during an ongoing auction of airwaves.