On Air Now

Tune in to Listen

99.9 FM Hibbing, MN

Weather

Current Conditions(Hibbing,MN 55746)

More Weather »
48° Feels Like: 48°
Wind: SSW 0 mph Past 24 hrs - Precip: 0”
Current Radar for Zip

Today

Mostly Sunny 73°

Tonight

Isolated Thunderstorms 52°

Tomorrow

PM Thunderstorms 77°

Alerts

  • 0 Severe Weather Alerts
  • 0 Cancellations

SoftBank CEO: Top two U.S. mobile operators hold oligopolistic position

Softbank Corp's logo is pictured at its branch in Tokyo June 11, 2013. REUTERS/Yuya Shino
Softbank Corp's logo is pictured at its branch in Tokyo June 11, 2013. REUTERS/Yuya Shino

TOKYO (Reuters) - SoftBank Corp Chief Executive Masayoshi Son said on Wednesday that the top two U.S. mobile operators have an oligopolistic position in the U.S. markets.

Earlier, Son declined to comment on reports that his company's subsidiary Sprint Corp was looking to buy U.S. rival T-Mobile US.

He also declined comment on U.S. regulators' reported skepticism about a potential merger between Sprint and T-Mobile.

(Reporting by Sophie Knight; Editing by Dominic Lau and Edmund Klamann)

Comments