March 11, 2014 9:20 AM

SoftBank President Masayoshi Son promises 'massive price war' if Sprint is allowed to buy T-Mobile

The billionaire, who bought control of the third-largest wireless carrier last year, said combining with fourth-ranked T- Mobile would give him scale to compete against AT&T Inc. and Verizon Communications Inc. Those operators collect most of the U.S. mobile industry’s cash flow and don’t face “real competition,” Son said in an interview with PBS’s Charlie Rose.

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