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Wednesday, February 12, 2014

SoftBank CEO: "No comment" on Sprint's reported talks to purchase T-mobile, (NYSE: TMUS)

SoftBank Corp Chief Executive Masayoshi Son on Wednesday failed to comment on reports that his company's subsidiary Sprint Corp is looking to purchase U.S. rival T-Mobile US. Son also declined comment on U.S. regulators' reported scepticism about the potential merger between Sprint and T-Mobile.

Shares of TMUS traded higher by 0.8% or $0.24/share to $30.31. In the past year, the shares have traded as low as $16.01 and as high as $34.10. On average, 8281000 shares of TMUS exchange hands on a given day and today's volume is recorded at 3677002.