Reuters logo
5 months ago
SoftBank shares up; sources say co willing to cede control of Sprint
February 20, 2017 / 12:20 AM / 5 months ago

SoftBank shares up; sources say co willing to cede control of Sprint

1 Min Read

TOKYO, Feb 20 (Reuters) - Shares in SoftBank Group Corp rose 2 percent in morning trade on Monday after a Reuters report that the Japanese company is prepared to cede control of Sprint Corp to T-Mobile US Inc to clinch a merger of the two U.S. wireless carriers.

SoftBank is expected to approach T-Mobile parent Deutsche Telekom AG for negotiations when an ongoing auction of airwaves ends in April and a ban on talks between rivals is lifted, people familiar with the matter told Reuters. (Reporting by Makiko Yamazaki; Editing by Chang-Ran Kim)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below