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SoftBank willing to cede control of Sprint to entice T-Mobile

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Japan's SoftBank is prepared to give up control of mobile phone company Sprint to competitor T-Mobile to clinch a merger of the two U.S. wireless carriers. SoftBank has not yet approached Deutsche Telekom who owns T-Mobile to discuss any deal because the U.S. Federal Communications Commission has imposed strict anti-collusion rules that ban discussions between rivals during an ongoing auction of airwaves. Sources say that after the auction ends in April, the two parties are expected to begin negotiations. Softbank is frustrated with Sprints inability to grow in the US mobile phone market and is now looking to shake things up.http://feeds.reuters.com/~r/reuters/t...http://www.wochit.comThis video was produced by YT Wochit Business using http://wochit.com

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