SoftBank willing to cede control of Sprint to entice T-Mobile

Japan's SoftBank Group Corp is prepared to give up control of Sprint Corp to Deutsche Telekom AG's T-Mobile US Inc to clinch a merger of the two US wireless carriers, apparently. SoftBank has not yet approached Deutsche Telekom to discuss any deal because the Federal Communications Commission has imposed strict anti-collusion rules that ban discussions between rivals during an ongoing auction of airwaves. After the auction ends in April, the two parties are expected to begin negotiations.