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SoftBank’s Sprint unit has bowed to hostile regulators and abandoned plans for a $32-billion (U.S.) takeover of T-Mobile US.
SoftBank’s Sprint unit has bowed to hostile regulators and abandoned plans for a $32-billion (U.S.) takeover of T-Mobile US.
(KEITH BEDFORD/REUTERS)

Sprint makes the right call on U.S. wireless

Masayoshi Son has been forced to scale back his cellphone ambitions in the United States. The chief executive officer of Japan’s SoftBank has belatedly bowed to hostile regulators and abandoned plans for his Sprint unit’s $32-billion (U.S.) takeover of T-Mobile US. He has chosen the least bad option.