Andre Yoskowitz
8 Jun 2013 13:50
SoftBank has been in talks with Deutsche Telekom AG for a deal for T-Mobile USA in case its long-standing bid for Sprint falls apart.
The Japanese carrier bid $20.1 billion to take a 70 percent share of Sprint, but Sprint recently received a $25.5 billion counterbid from Dish Network, leaving the company's future up in the air.
T-Mobile USA is the fourth biggest carrier in the U.S. and has a market value of about $15 billion.
Telekom has a 74 percent stake. MetroPCS has the rest.
On June 12th, Sprint shareholders will vote on whether to give SoftBank final approval to purchase the company.