SoftBank might use T-Mobile USA as its back-up option should its attempt to acquire a 70% equity stake in Sprint fall through, reports Reuters. Reuters said that SoftBank has held discussions over the matter with Deutsche Telekom, which owns 74% of T-Mobile.
possible scenario would have SoftBank purchase the 74% owned by Deutsche
Telekom, says Reuters' source.
SoftBank is paying $20.1 billion for 70%
of Sprint, but T-Mobile's market capitalization stands at about $15
SoftBank's deal has already been approved by the US Government. It faces a Sprint shareholder vote on June 12.