Reports: Japan's Softbank eyeing MetroPCS as well as Sprint
Japan's Nikkei newspaper reported Softbank may trigger a bidding war for MetroPCS with Deutsche Telekom's T-mobile
IDG News Service - Japan's Softbank, which is in negotiations to make a major investment in U.S. operator Sprint Nextel, is also mulling a competitive bid for MetroPCS, Japanese media reported Friday.
The reports from sources such as the Nikkei, Japan's main business daily, and Kyodo News agency come as MetroPCS is in final negotiations to merge with Deutsche Telekom's T-Mobile USA. Those two firms announced they had agreed to merge earlier this month, but Softbank aims to convince MetroPCS shareholders that it can provide a better deal, the Nikkei said.
Softbank and Sprint have confirmed they are in talks, with Sprint saying they could lead to a "substantial investment." Softbank is looking to purchase at least two-thirds of its U.S. counterpart, according to reports.
Both operators are third in their respective countries, although Softbank could soon vault to number two in Japan, after a deal it announced earlier this month to acquire domestic rival eAccess for US$2 billion to help expand its mobile network.
The Japanese firm is mulling a total investment of over $30 billion in Sprint and MetroPCS, which would rank as the largest foreign acquisition of a foreign company, the Nikkei said.
A Softbank spokesman said the company had no comment on the reports of a MetroPCS deal.
The Internet conglomerate that owns Japan's third-largest as well as major online properties such as Yahoo Japan and large investments in foreign companies such as China's Alibaba Group, has aggressively expanded under the leadership of its CEO and founder Masayoshi Son.
Son has repeatedly made large gambles to expand his holdings in the past, including entering Japan's closed fixed-line Internet business, the acquisition of Vodafone's Japanese subsidiary, and betting big on Apple's first iPhone.
Combining Softbank and Sprint could make it cheaper for the new entity to purchase network equipment as well as phones and tablets for its network. Softbank's potential investments in the U.S. could also pass the scrutiny of domestic regulators, as it wouldn't reduce the number of operators in the country.
- Best iPhone, iPad Business Apps for 2014
- 14 Tech Conventions You Should Attend in 2014
- 10 Desktop Apps to Power Your Windows PC
- How to Add New Job Skills Without Going Back to School
- Slideshow: 7 security mistakes people make with their mobile device
- iOS vs. Android: Which is more secure?
- 11 sure signs you've been hacked
Red Hat Enterprise Linux - The Original Cloud Operating System
Linux adoption is growing against a number of measures, such as the
number of supercomputers that run Linux and the size of the contributing...
- OpenStack Hype vs. Reality: CIO Quick Pulse Open-source architecture can enable IT departments to build infrastructure-as-a-service (IaaS) clouds running on standard hardware.
- Building a Bridge to the Next Generation Data Center Selecting a widely adopted operating system is a foundational component of a standardization strategy.
- OpenStack and Red Hat: IDC White paper Most OpenStack deployments are by public cloud providers that are early adopters of technology and use OpenStack in a do-it-yourself deployment and support...
- Webinar: Building a Big Data solution that's production-ready Big data solutions are no longer just a nice-to-have.
- Meg Whitman presents Unlocking IT with Big Data During this Web Event you will hear Meg Whitman, President and CEO, HP discuss HAVEn - the #1 Big Data platform, as well... All Wireless Carriers White Papers | Webcasts