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Tuesday, June 17, 2014

SoftBank CEO: sees new movement, hopes for more discussion after resistance on T-Mobile, (NYSE: TMUS)

SoftBank Corp CEO Masayoshi Son, who has met resistance from U.S. regulators to a possible acquisition of wireless carrier T-Mobile US Inc , on Tuesday said there had been new movement in the past few months and expressed hope for more discussion. He reiterated his stance that it would be good for U.S. consumers if his Sprint Corp, the No.3 U.S. mobile provider, were to get bigger in scale.

Shares of TMUS traded higher by 0.15% or $0.05/share to $32.96. In the past year, the shares have traded as low as $21.60 and as high as $35.50. On average, 4377300 shares of TMUS exchange hands on a given day and today's volume is recorded at 1866524.