After the “will they or won’t they” mess of negotiations between Deutsche Telekom, the reluctant owner of T-Mobile US, and SoftBank Corp., the owner of Sprint fell apart once again, SoftBank has announced their intent to increase their ownership stake in Sprint. This change would increase SoftBank’s control of the US’s 4th largest mobile network operator from 80% to 85%.
The 2017 series of negotiations centered around SoftBank selling their stake in Sprint to Deutsche Telekom, which were apparently abandoned on November 5th due to concerns from members of SoftBank’s board about ceding control of the company.
Following end of T-Mobile merger negotiations, SoftBank increases ownership of Sprint was written by the awesome team at Android Police.