Deutsche Telekom agreed to a SoftBank plan to...

May 30, 2014 |Wireless

Deutsche Telekom agreed to a SoftBank plan to buy a majority of T-Mobile US, Japan’s Kyodo news agency reported Thursday. Spokesmen for both companies declined to comment. A SoftBank/T-Mobile deal is expected to face an uphill climb, with both FCC Chairman Tom Wheeler and the Department of Justice signaling concerns about it (CD Feb 6 p1), though last week FCC Commissioner Jessica Rosenworcel indicated she was open minded (CD May 23 p1). The Kyodo report cited unnamed industry sources.