Time for Plan B? Softbank enters into T-Mobile talks in case Sprint deal falters

10 Jun 2013

Softbank Corp is in talks with Germany’s Deutsche Telekom (DT) over a possible deal for T-Mobile US, Reuters reports, as the Japanese company looks for an alternative strategy to enter the US wireless market if its deal with Sprint Nextel falls apart. Sources familiar with the matter have confirmed that the two parties engaged in talks last year over a potential deal for T-Mobile, and have had periodic discussions since then, but those conversations have intensified in recent weeks after US satellite TV giant DISH Network lodged a USD25.5 billion counterbid for Sprint. However, given the advanced stage of the Softbank-Sprint merger, the Japanese firm still hopes to push through its USD20.1 billion deal for 70% of Sprint, and has only lined up T-Mobile as a ‘Plan B’.

United States, Deutsche Telekom (DT), SoftBank Group Corp, T-Mobile US