Here we go again: Softbank said to be near deal to buy T-Mobile

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Japanese conglomerate Softbank is close to acquiring a big piece of T-Mobile from parent company Deutsche Telekom, according to Reuters and other reports. Rumors that Softbank-owned Sprint was revisiting previous plans to acquire T-mobile re-surfaced earlier this month.

Softbank bought U.S. telco Sprint, for $21.6 billion in July after an 8-month process. Softbank’s stake in T-mobile has been valued at about $20 billion and would bolster Softbank chairman Masayoshi Son’s grand plan to dominate the mobile internet — provided he can overcome U.S. regulatory concerns, according to Reuters.

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Pine Tree

Damn really wanted Dish to buy T-mobile because I thought it would be cool to have Internet, home phone, tv and mobile on one bill. I’m still for the deal since Tmobile doesn’t have the resources to expand any further.

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