TOKYO (Reuters) - Shares in SoftBank Group Corp (T:9984) rose 2 percent in morning trade on Monday after a Reuters report that the Japanese company is prepared to cede control of Sprint Corp (N:S) to T-Mobile US Inc (O:TMUS) to clinch a merger of the two U.S. wireless carriers.
SoftBank is expected to approach T-Mobile parent Deutsche Telekom AG (DE:DTEGn) for negotiations when an ongoing auction of airwaves ends in April and a ban on talks between rivals is lifted, people familiar with the matter told Reuters.