Sprint Chairman Masayoshi Son and CEO Dan Hesse...
Sprint Chairman Masayoshi Son and CEO Dan Hesse met with FCC Chairman Tom Wheeler Monday about Sprint’s possible buy of T-Mobile but did not hear much reason for optimism the deal would be easily approved from Wheeler, FCC officials said.…
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Wheeler pledged to keep an open mind but also said he remained skeptical, consistent with signals emanating from the Justice Department. Last week, Assistant Attorney General Bill Baer, head of the Justice Department’s Antitrust Division, said in a speech in New York that T-Mobile has “spearheaded increased competition in wireless services” in the U.S. (CD Jan 31 p14). The Department of Defense has also stressed the importance of maintaining four national competitors in the market. A Sprint spokesman declined to comment. Son is also the CEO of Softbank, which wrapped up a $21.6 billion acquisition of a majority of Sprint last summer.