Deutsche Telekom has agreed to an offer for Japanese mobile and broadband company SoftBank to buy T-Mobile USA, according to a news report.
The CEO of Japan's SoftBank mobile carrier promised to bring stiff price and speed competition to the U.S., saying he feels an obligation to improve slow speeds and drive down prices.
Softbank's CEO, in a battle with Dish Network to acquire U.S. mobile operator Sprint Nextel, slammed a US$25.5 billion offer made by Dish, saying it is based on "imaginary" numbers and would create a company with "insane" amounts of debt.
News of the death of Apple co-founder Steve Jobs reached Japan on Thursday, as manufacturers hawked their latest iPad and MacBook clones at a giant trade show outside of Tokyo.
Softbank, Japan's third-largest mobile carrier and exclusive purveyor of the Apple iPhone in the country, said Thursday it would launch in November a new data network allowing downloads of up to 110 Mbps (megabits per second), faster than many wired ...
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