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Deutsche Telekom backs Softbank buy of T-Mobile - report

Thursday 29 May 2014 | 17:13 CET | News
Deutsche Telekom has agreed to a proposal from Japanese operator Softbank to buy T-Mobile US, Kyodo news agency reported citing industry sources. Softbank acquired the US' third-largest mobile operator Sprint last year and has repeatedly said it sees a need for consolidation to combat the country's two largest operators, Verizon and AT&T. According to the Kyodo report, Softbank Chairman Masayoshi Son proposed the takeover in a meeting with top executives of T-Mobile and Deutsche Telekom in mid-May and received a positive response.

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Categories: Mobile & Wireless
Companies: Deutsche Telekom / Softbank / Sprint / T-Mobile US
Countries: United States
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