Sprint sees T-Mobile deal as a ‘first priority,’ Son tells investors

Sprint chairman Masayoshi Son said he sees a merger with T-Mobile as a “first priority” but not the company’s only option in seeking a partner as the telecommunications industry combines.

Son spoke Wednesday during a presentation of SoftBank Group Corp., the Tokyo-based company he founded and leads as CEO. SoftBank owns more than 80 percent of Sprint.

“Our top choice remains T-Mobile. We will be open and sincere as we aim to launch negotiations,” Son said, according to the report by the Financial Times.

In responding to questions, Son made clear that he remains open to other possible combinations. Analysts have speculated about a wide array of deals since a federal ban against strategic talks among key companies, including T-Mobile, came to an end in late April.

T-Mobile has been considered less eager than Sprint to do a deal, but the companies may be pushed into each others’ arms by a changing landscape around them.

Read more: Kansas City Star, Kansas City Business Journal


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