SoftBank CEO: Verizon, AT&T have oligopoly in the US

The comment comes as rumors suggest his subsidiary Sprint is eyeing a possible T-Mobile buyout.

SoftBank CEO Masayoshi Son isn't so pleased with the way the US mobile market looks at the moment.

Speaking to reporters in Japan on Wednesday, Son said that AT&T and Verizon Wireless, the two largest telcos in the US, have an oligopoly in the market, according to Reuters. It's not clear whether his comments went beyond that complaint, but Reuters did say that he wouldn't comment on his subsidiary Sprint or the possibility of that company merging with T-Mobile.

Several reports have suggested recently that SoftBank and Sprint are considering a deal to acquire T-Mobile. Although SoftBank has yet to confirm that, there's some speculation that US regulators might not view a merger between the companies favorably.

T-Mobile is no strange to takeovers. AT&T tried to take over T-Mobile before US regulators nixed the plan. Although a combined force of Sprint and T-Mobile might more effectively compete against Verizon and AT&T, T-Mobile CEO John Legere last month threw cold water on any rumors surrounding a takeover, saying that he plans to maintain T-Mobile's independence.

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About the author

Don Reisinger is a technology columnist who has covered everything from HDTVs to computers to Flowbee Haircut Systems. Besides his work with CNET, Don's work has been featured in a variety of other publications including PC World and a host of Ziff-Davis publications.

 

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