SoftBank is apparently super-cereal to enter the U.S. mobile market – if it fails to acquire Sprint, the Japanese company will apparently go for the local branch of T-Mobile. The information about this “Whatever Works” strategy comes from Reuters, which claims that Dish can only partially ruin SoftBank’s plans.
After acquiring MetroPCS, T-Mobile USA became a publicly listed company with Deutsche Telekom owning 74% of the venture. Germans have already tried to exit the U.S. market but their plan to sell T-Mobile to AT&T failed after the government blocked the sale. With SoftBank entering the picture, things could change; we see no reason why would anyone want to block such a deal.
T-Mobile is currently worth some $15 billion which is roughly $5 billion less than what SoftBank wanted to pay for Sprint. If Now Network’s shareholders approve the Dish’s offer, it’s likely we’ll see the Japanese company acquiring T-Mobile, potentially bringing some of its cool handsets to the market. And that’s something to look forward to…