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 in an interview with a handful of reporters his stance that it would be good for U.S. consumers if his Sprint Corp, the No.3 U.S. mobile provider which SoftBank acquired last year, could become bigger and compete more effectively with the two largest carriers."We can make it more effective by getting bigger scale," he said at Tuesday's interview, conducted jointly with former U.S. Secretary of State Colin Powell who is attending SoftBank-sponsored events in Tokyo. "Us becoming a more credible competitor in scale is something good for American consumers and citizens."SoftBank, which aims to become the world's largest mobile Internet company, has been eager to combine Sprint with No.4 T-Mobile US, arguing that together they would give dominant players AT&T Inc and Verizon more of a run for their money.
AT&T Inc. (AT&T), is a holding company. The Company is a provider of telecommunications services. Shares of T fell by 0.14% or $-0.05/share to $34.98. In the past year, the shares have traded as low as $31.74 and as high as $36.86. On average, 27580300 shares of T exchange hands on a given day and today's volume is recorded at 14109659.
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.
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