SoftBank CEO Says T-Mobile-Sprint Deal Will Lift Competition

After regulators blocked a merger of Sprint Corp. and T-Mobile US Inc. three years ago, the billionaire behind that deal is hoping he’ll finally get to create a stronger player in the U.S. wireless market.

“It makes sense not to have just two with such big market-share and two little ones,” SoftBank Group Corp. Chief Executive Officer Masayoshi Son said in an interview for “The David Rubenstein Show: Peer-to-Peer Conversations” on Bloomberg Television. “Three is a real fight, a real competition.”

SoftBank agreed to buy most of Sprint in 2012 and Son planned to combine it with T-Mobile to form a stronger No. 3 player behind AT&T Inc. and Verizon Communications Inc. “From day one, I wanted to acquire not just Sprint,” Son said on Tuesday. “Sprint and T-Mobile as a set, that was my strategy.”

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