SoftBank to increase stake in Sprint after T-Mobile merge talks end

6 November 2017

SoftBank Group has announced its intention to increase its stake in Sprint subject to market conditions following the breakdown of merger talks with T-Mobile.

The stake increase will not see SoftBank's ownership exceed 85 percent of the company.

Sprint chair and SoftBank Group CEO Masayoshi Son said that with more devices and sensors predicted to become connected thanks to 5G and the Internet of Things (IoT), it is important to own a mobile network in the United States.