SoftBank CEO: Top two U.S. mobile operators hold oligopolistic position

TOKYO Wed Feb 12, 2014 4:02am EST

Softbank Corp's logo is pictured at its branch in Tokyo June 11, 2013. REUTERS/Yuya Shino

Softbank Corp's logo is pictured at its branch in Tokyo June 11, 2013.

Credit: Reuters/Yuya Shino

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TOKYO (Reuters) - SoftBank Corp Chief Executive Masayoshi Son said on Wednesday that the top two U.S. mobile operators have an oligopolistic position in the U.S. markets.

Earlier, Son declined to comment on reports that his company's subsidiary Sprint Corp was looking to buy U.S. rival T-Mobile US.

He also declined comment on U.S. regulators' reported skepticism about a potential merger between Sprint and T-Mobile.

(Reporting by Sophie Knight; Editing by Dominic Lau and Edmund Klamann)

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Comments (1)
toonik_ph wrote:
Just heard about this.. wow.

http://www.insidertradingwire.com/joachim-psotta-vp-controller-of-philip-morris-int-buys-1201629-worth-of-pm/

Feb 12, 2014 1:40am EST  --  Report as abuse
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