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Softbank: U.S. Mobile Consolidation Needed

SoftBank Corp's billionaire chief executive said he was not happy as just No. 3 in the U.S. mobile market and that consolidation was necessary there, as regulators indicate resistance to an acquisition of No. 4 carrier T-Mobile US Inc (NYSE:TMUS)Masayoshi Son, who has repeatedly expressed his desire to make SoftBank the biggest mobile-related corporation in the world, said Sprint Corp (NYSE:S) becoming the U.S. No.1 is "literally just a dream" without an industry shake-up.SoftBank bought Sprint in the summer and has since been in talks to buy T-Mobile, according to sources familiar with the matter. Regulators prevented AT&T Inc (NYSE:T) pulling off a similar feat in 2011 citing concerns of an industry shrinking to three carriers from four."I am unable to make a comment regarding various rumors right now as anything I say would have consequences," Son told a briefing of analysts and reporters in Tokyo on Wednesday after SoftBank reported a 13.4 percent decline in October-December net pr...

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