On Air Now

Listen

Listen Live Now » 93.7 FM Fargo-Moorhead

Weather

Current Conditions(Fargo,ND 58103)

More Weather »
69° Feels Like: 69°
Wind: N 3 mph Past 24 hrs - Precip: 0.02”
Current Radar for Zip

Today

Scattered Thunderstorms 83°

Tonight

Partly Cloudy 64°

Tomorrow

Mostly Cloudy 80°

Alerts

SoftBank CEO: Top two U.S. mobile operators hold oligopolistic position

Softbank Corp's logo is pictured at its branch in Tokyo June 11, 2013. REUTERS/Yuya Shino
Softbank Corp's logo is pictured at its branch in Tokyo June 11, 2013. REUTERS/Yuya Shino

TOKYO (Reuters) - SoftBank Corp Chief Executive Masayoshi Son said on Wednesday that the top two U.S. mobile operators have an oligopolistic position in the U.S. markets.

Earlier, Son declined to comment on reports that his company's subsidiary Sprint Corp was looking to buy U.S. rival T-Mobile US.

He also declined comment on U.S. regulators' reported skepticism about a potential merger between Sprint and T-Mobile.

(Reporting by Sophie Knight; Editing by Dominic Lau and Edmund Klamann)

Comments