Japan's SoftBank Corp is still attempting to purchase T-Mobile in order to merge it with its U.S. wireless carrier Sprint Corp., according to SoftBank CEO Masayoshi Son, despite the fact that U.S. regulators are against such a deal.
Son, 56, said during an interview with TV show host Charlie Rose that if the deal goes through, he would be able to launch a price war to end, what he called a "duopoly" by U.S. carriers Verizon and AT&T Inc, according to Reuters.
"We would like to make the deal happen, but there are steps and details that we have to work out," said Son, during the interview. "We have to give it a shot."
SoftBank acquired Sprint in 2013.
The idea of a merger between T-Mobile and Sprint has been met with a criticism by regulators all over the world. Federal Communications Commission Chairman Tom Wheeler was one of the many to express skepticism, doing so in meetings with Son and Sprint Chief Executive Dan Hesse on February 3, according Reuters.
Regulators feel that decreasing the amount of major wireless carriers from four to three would hinder competition.
Son believes that competition would "be more robust" if a strong third option is created through the merger of the two companies.
Softbank is now busy working on convincing the involved parties the benefits of a merger, adding any moves towards pursuing a deal are currently on hold, according to Reuters, who cited a senior company executive.
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