SoftBank's profit zooms on Sprint turnaround, Alibaba

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Son commented that he'd like to be "very honest in trying to start a negotiation" with T-Mobile, but also acknowledged a deal on that front would likely come with a fair amount of baggage.

Stocks for both companies rose in response to the news "as investors bet a deal may finally happen under the Trump administration's looser regulatory climate", reported Bloomberg.

SoftBank Group Chairman Masayoshi Son's remarks that he wants to restart merger talks between his Sprint unit and T-Mobile US sent the shares of the USA wireless carriers surging Wednesday, as investors bet a deal may finally happen under the Trump administration's looser regulatory climate.

Fielding a question on his deal strategy for Sprint after SoftBank's earnings report, Son said T-Mobile is the most obvious choice in terms of synergy and remains the "first priority" for merger talks.

T-Mobile US is a cash cow for the German telecom service operator, which owns 64 percent of the USA mobile carrier. "If there is an opportunity that will lead to industry realignment under better conditions, we will study [each option] with an open mind".

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The billionaire considered buying T-Mobile before, but abandoned the effort when officials at the U.S. Federal Communications Commission and Justice Department signaled they would oppose such a deal.

Mr. Son also said he would explore possibilities other than a combination with T-Mobile: "We're basically open to anything". If Sprint builds out the mid-band spectrum as promised, and T-Mobile follows through on its plan to use low-band 600MHz spectrum, combining the two would make a killer 5G network. T-Mobile, meanwhile, is the fastest-growing wireless carrier in the USA, using promotions, price cuts and social-media marketing to lure customers from Verizon and AT&T.

However, the problem with that idea, Enderle said, is that T-Mobile is more successful in the marketplace lately and "were Sprint's leadership to prevail in the merger, the T-Mobile growth would likely stall".

"I think the new government had made it very clear that they believe in regulating a lot less, and I think people will be open in terms of potential new transactions", Claure commented. Masayoshi Son, billionaire founder of the Japanese internet and telecoms group, said for its full-year results.United States telecom groups have been temporarily unable to discuss deals during a government-run auction of airwaves.

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