SoftBank Corp. President
Masayoshi Son will start a "massive price war" if U.S. regulators allow
his company to purchase T-Mobile US Inc., he said in an interview with
PBS's Charlie Rose.
The
billionaire, who bought control of Sprint Corp. last year, said
combining the third- and fourth-largest U.S. mobile-phone carriers would
give him enough scale to compete against larger operators AT&T Inc. (T) and Verizon Communications Inc.
Sounds like the kind of changes that will benefit consumers in the short term. They are already buying out contracts so switching to them will hopefully be pain-free.
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