Sprint Corp. (S) Wants To Merge With T-Mobile Again

Sprint Corp. (S) Wants To Merge With T-Mobile Again

Son said he is also interested in investing in Uber or Lyft to gain a share in the USA ride-sharing market.

It's the clearest indication yet that Son is serious about putting cash on the table. While it is the largest investor in Didi Chuxing (China), Ola (India), Grab (Southeast Asia) and 99 (Latin America), it doesn't yet have representation in North America.

That had fuelled the notion that Son is helping to organise an anti-Uber alliance.

SoftBank said its quarterly operating profit rose 50 percent from a year ago to 479 billion yen ($4.32 billion) after it included Vision Fund, the world's largest private equity fund, as a new reportable segment and booked a 105 billion yen gain on its stake in graphics chip maker Nvidia.

Executives from both Sprint, which has a market value of about US$35 billion, and T-Mobile have lauded a potential merger of the two companies as offering substantial synergies.

"We are interested in discussing with Uber".

More news: Taylor Swift, ex-radio host head to court over groping claim

"We have not decided which way".

The Japanese firms ambitious boss Masayoshi Son told analysts and reporters that it was interested in such an investment, or in Uber's rival in the US, Lyft, but no decision has yet been made. The comments follow reports that SoftBank was looking to take a stake in Uber by buying shares from existing investors.

"We have not decided which way but the United States is a very big market and is the most important market".

SoftBank's wireless unit Sprint Corp, the No.4 USA wireless carrier by subscribers, is exploring options to boost finances through means such as a merger with T-Mobile US Inc or a tie-up with cable provider Charter Communications Inc. The idea of the combination was shot down by regulators in 2014, but with a new administration in Washington preliminary discussions picked up earlier this year.

Son said autonomous driving and ride-hailing technologies make it even more critical for SoftBank to push into the industry: "The autonomous auto is definitely coming".

Related Articles