Curtains for Ma Bell & Verizon?
Curtains for Ma Bell & Verizon? (YahooFinance)
If the President of SoftBank Corp (SFTBY: OTC), Masayoshi Son, has his way, by this time next year we could all be paying a lot less for our wireless phone services here in the United States. You see, last year Son purchased the nation’s third-largest carrier, Sprint Corp. (S). Now he wants to buy out T-Mobile (TMUS) and combine the two into a single carrier worthy of taking the fight to the big boys in the industry, Verizon (VZ) and AT&T, Inc. (T). If regulators allow the merger, Son has voiced his intent to instigate a “massive price war” — forsaking short-term profit for long-term market share. And if Son’s track record is any indication, shareholders of all the companies mentioned herein better keep an eye on this story.