Report: SoftBank nearing deal to buyout T-Mobile

Posted Dec 26, 2013

SoftBank is inching closer towards locking in a deal to buy-out T-Mobile, according to Nikkei. SoftBank wants to make the purchase of T-Mobile through Sprint as part of a deal worth around $19-$20 billion. SoftBank will need to clear regulatory approval from the FCC and Justice Department though. If the deal does go through, then there will be three major telecommunication carriers rather than four.