White House really shouldn’t be talking to companies about mergers that the DOJ has to rule on

In recent weeks, President Trump has repeatedly mentioned promised investments and jobs from Sprint and its parent company Softbank. Now the wireless provider is reportedly hoping to eventually turn that goodwill — and theTrump administration’s light-touch approach to regulation — into a mega merger, possibly with T-Mobile, Comcast, or others.

New wireless industry mergers are currently on hold until the government-sponsored wireless spectrum auction ends later this spring, but the New York Times reports that Tokyo-based SoftBank has met with members of the White House economics team, talking up the need for consolidation.

SoftBank executives and members of President Trump’s economic team recently addressed the future of mergers broadly. The Times, citing sources briefed on the matter, reports that the presentations claimed that a lack of advanced digital investments has put the U.S. economy at risk. This risk could be mitigated if telecommunications and wireless companies merged.

Sources tell the Times there are several options for the company, including linking up with competitor T-Mobile, or hopping into the fray with Comcast.

SoftBank declined to provide the Times with comment on the matter.

Read on.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s