SoftBank's CEO Focuses on Tech As Sprint Gains

Reuters

Reuters

Son made it clear in his remarks that the fourth-place carrier was in play and that his first choice was for a deal with T-Mobile.

The shares of the US wireless carriers surged Wednesday, as investors bet a deal may finally happen under the Trump administration's looser regulatory climate.

Despite naming T-Mobile as its primary candidate as a potential merger partner, Son said that the company is "basically open to anything" and won't be limiting its options for its US wireless unit.

At the time, Sprint was the No. 3 carrier by subscriber total and T-Mobile (NASDAQ: TMUS) was in the early stages of its customer-friendly reinvention as "The Un-carrier". T-Mobile, meanwhile, is now said to be the fastest-growing wireless carrier in the USA thanks to a combination of promotions, price cuts and social media marketing campaigns that have seen it steal customers away from both AT&T and Verizon.

AAP's former Punjab chief Gurpreet Singh Ghuggi resigns from party
Apparently upset over his removal as the convener of the Punjab unit, Waraich said he would soon talk to the media on the issue. The ruling Congress leaders also claimed that AAP MLAs were also keen to join the party after the mutiny in AAP's Punjab unit.

The election of Donald Trump as president in November led many to believe a merger might get a warmer reception from regulators.

"Basically anything is possible", he said to journalists, Bloomberg reported.

The billionaire considered buying T-Mobile before, but abandoned the effort when officials at the U.S. Federal Communications Commission and Justice Department signaled they would oppose such a deal. "And so that is why we want to be open if there are any other possibilities with better conditions and better opportunities for this industry consolidation".

Cost cuts have helped reduce losses at Sprint, the No. 4 mobile carrier in the U.S. With its operating profit rising, more of the day-to-day operations will be entrusted to Sprint CEO Marcelo Claure, Mr. Son said Wednesday.

Prince Philip to retire from royal duties
While just hours after the official announcement was made he also joked about his advanced years at palace reception. The duke carried out royal duties on 110 days past year - more than his grandchildren Princes William and Harry.

Sprint doesn't want to be left out of the 5G game.

A combination of Sprint and T-Mobile USA, which is controlled by Germany's Deutsche Telekom, has been discussed in the past given the prospect of bringing together the two smaller US mobile networks to better challenge AT&T and Verizon.

However, the problem with that idea, Enderle said, is that T-Mobile is more successful in the marketplace lately and "were Sprint's leadership to prevail in the merger, the T-Mobile growth would likely stall". The Motley Fool recommends T-Mobile US.

Ultimately, mergers are tough, particularly at this scale, and few companies do them well, said Enderle. The investment fund is almost ready for its official launch, Son also said.

Narendra Modi is India's brand ambassador, not Patanjali's: Ramdev
With an eye on wider reach, Baba Ramdev said Patanjali plans to double its distribution channels from existing 6,000 to 12,000. Baba Ramdev has exuded confidence that Patanjali will be the largest brand in India within 1-2 years.

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