Tomahawk, WI 04/28/2014 (Basicsmedia) – Mr. Son, the founder of Japanese tech and telecom giant Soft Bank is in favor of merging Sprint Corporation (NYSE:S), which he took control of last year with T-Mobile US Inc (NYSE:TMUS). He had to pay $21.6 billion for this dream deal which is now looking to go nowhere.

Who is Mr. Masayoshi Son?

With an estimated wealth of over $18.4 billion, Mr. Son is the richest person of Japan according to Forbes. He secures the 42nd position worldwide as far as billionaires are concerned. A decade back when dot com did not hit the global market, he considered himself richer than Bill Gates for not more than three days once. He is the founder of Soft Bank, one of the biggest technology telecommunication firms of Japan.

Where it all started?

Mr. Son thinks that American mobile internet users pay more not because they use more internet than Japanese users. According to a report Japanese internet users use 1.5 GB data on an average in a month in comparison to American users who use only 1 GB data a month. But at the same time Americans pay $52 per GB in comparison to Japanese who pay only $30 for the same. In a television interview he said that he would be able to start a new price war among wireless companies with Sprint at its current market size.

Current Scenario:

Son’s decision of merging Sprint Corporation (NYSE:S) with T-Mobile US Inc (NYSE:TMUS) seems to go into vein as the US authorities think that if merged, the third and fourth largest wireless companies of USA will have too much power to control the competition spirit in the industry. Both the companies cover a large market share, therefore authorities aren’t in favor of allowing them for merger.

After all that has happened, Sprint Corporation (NYSE:S) is planning for upcoming incentive auction which will take place next year.

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