Japanese telecom SoftBank, which owns 80 percent of Sprint, is reportedly nearing a deal to buy T-Mobile. The Nikkei news service is reporting that SoftBank wants to buy a majority of T-Mobile using Sprint shares in a deal valued at more than $19 billion. A merger between the third and fourth-largest American carriers would create stronger competition for the two largest, Verizon and ATT. It could also be seen as weakening the market by reducing the number of big players. The Federal Communications Commission (FCC) quashed ATTs attempt to buy T-Mobile in 2011 for a much greater sum of $39 billion, saying a merger would essentially be anti-competitive.
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