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11/3/2017, 4:34 PM (Source: TeleTrader)
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Report: T-Mobile parent to approach SoftBank again

Deutsche Telekom AG is determined to try and renew negotiations about a potential merger between its subsidiary in the United States and Sprint Corp., SoftBank Group Corp's telecommunications arm in the country, according to people who spoke to CNBC. The report published on Friday adds a delegation of the German company is due to come to a meeting with the Japanese counterpart's chief Masayoshi Son about a deal with T-Mobile US Inc.

After speculation Son has halted the process, unsatisfied with his proposed role in the new entity, information floated by the media indicated the offer for the Overland Park, Kansas–based firm has been revised.

Breaking the News / IT