Part 8/12:
In 2013, Japanese telecommunications giant SoftBank acquired Sprint for $21.6 billion, aiming to infuse new strategic direction. SoftBank CEO Masayoshi Son sought a merger with T-Mobile, believing that combining forces would allow Sprint to flourish. However, the US government's scrutiny regarding competition in the telecom industry hindered this ambition, resulting in numerous rejections. This stagnation cost Sprint precious time as consumer relationships continued to fray.