Masayoshi Son isn't used to taking no for an answer. But the Softbank Corp chief's pleas for a merger of the third- and fourth-largest U.S. wireless carriers seem to be falling on deaf ears.It is no secret that Son, known to have threatened self-immolation to get his way in the past, wants to combine Sprint Corp, which Softbank acquired last year, with T-Mobile US Inc as part of his vision to create a global industry leader.Son plans to lay out his broader vision for the U.S. wireless communications industry at the Chamber of Commerce in Washington, D.C. next Tuesday. Speculation is rife that he will talk about a bid for T-Mobile, although a person familiar with the matter said on Wednesday that was not the plan.Anticipation about a merger has already pushed up shares of Sprint and T-Mobile 15.6 percent and 18.3 percent, respectively, since Dec. 13, when media reports first emerged about Softbank's interest in pursuing a deal as soon as the first half of 2014.
Shares of TMUS traded higher by 0.09% or $0.03/share to $31.82. In the past year, the shares have traded as low as $16.01 and as high as $34.10. On average, 6803090 shares of TMUS exchange hands on a given day and today's volume is recorded at 8843635.
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