SoftBank CEO Critical of U.S. Wireless Market

[cdmagurus.com]

SoftBank CEO and Sprint Chairman Masayoshi Son spoke to lawmakers today about the state of the U.S. wireless market. According to Son, the networks aren't fast enough and consumers are paying too much for them. "American consumers use less data traffic, but pay more. Is that a good situation?" posed Son. Son pitched the idea of entering the home broadband market as an alternative for consumers to companies such as Comcast, Time Warner, AT&T, and Verizon. "We need an alternative. I would like to volunteer, we would like to be the alternative," said Son. "We got the technology, we have to deploy many cells, it requires a lot of capital expenditure, it requires a lot of scale. We are bringing new technology to the States. Speed matters, with better speed we can bring next-generation applications and content." Son hopes his remarks help change the minds of those who might otherwise shoot down Sprint's possible acquisition of T-Mobile.


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