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Wednesday, February 12, 2014

SoftBank CEO: Top 2 U.S. mobile operators hold oligopolistic position, (NYSE: TMUS)

SoftBank Corp Chief Executive Masayoshi Son said on Wednesday that the top two U.S. mobile operators have an oligopolistic position in the U.S. markets. Earlier, Son failed to comment on reports that his company's subsidiary Sprint Corp was looking to purchase U.S. rival T-Mobile US.He also declined comment on U.S. regulators' reported scepticism about a 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.