Sprint chairman Masayoshi Son confirms interest in buying T-Mobile

Sprint chairman Masayoshi Son told in a TV interview that his company is interested in purchasing T-Mobile, Son explained how the deal would allow the number three and number four major wireless carriers in the U.S. to come together and finally be a true competitor to Verizon and AT&T.

Son and CEO Dan Hesse reportedly met with the Justice Department and Federal Communications Commission (FCC) about a deal last month, but regulatory bodies would worry that having only 3 carriers of roughly the same size would decrease competition and hurt consumers.