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A little hand-holding for ARM Holdings from SoftBank

Sprint boss makes case for a T-Mobile deal

May 29, 2014

Masayoshi Son, chairman of the Japanese firm that controls telecom company Sprint Corp. (s), has made the argument that his firm's potential purchase of rival T-Mobile US Inc. (tmus) would actually increase competition rather than lessen it — if, that is, you consider Internet access as the main arena of competition.

Some antitrust regulators have frowned on the idea of the merger because it would mean that there are only three national wireless providers in the U.S., according to a report in the Wall Street Journal.

"Right now, there are three big players out there, and they are getting even bigger," said Son, according to the Journal report. "If anyone says four is better than three, I agree with that. We should be the No. 4."

The other three competitors are AT&T (tgt), which recently purchased DirecTV (dtv), the recently-merged Time Warner Cable (twc) and Comcast Corp (cmcsa), and Verizon (vz).

Sprint has yet to make an official bid for T-Mobile, but it has been clear that both companies would like to make a deal.

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