Sprint (S) Chairman to Likely Discuss T-Mobile (TMUS) Merger With FCC: Report

NEW YORK (TheStreet) -- Masayoshi Son, Sprint (S) Chairman and Softbank CEO, will meet with Federal Communications Commission Chairman Tom Wheeler on Monday, and will likely discuss the possible merger with T-Mobile (TMUS), according to a report

Sprint was falling 3.6% to $7.97.

FCC chiefs regularly meet with industry executives, but this particular meeting comes after comments from Son about consolidating the U.S. wireless industry. Son's Softbank is reportedly considering a bid for T-Mobile that would merge the fourth-place carrier with Sprint.

Son is expected to argue his case for carrier consolidation in the meeting with Wheeler, according to The Wall Street Journal. The Justice Department recently suggested that it might approve a merger of Sprint and T-Mobile.

Sprint CEO Dan Hesse is also expected at the meeting with Wheeler.

S ChartS data by YCharts

More from Markets

Jim Cramer: Kimberly Clark's Quarter Was Better Than Procter & Gamble's

Jim Cramer: Kimberly Clark's Quarter Was Better Than Procter & Gamble's

Dow Makes Move Higher as Bond Yields Hover Near 3% Threshold

Dow Makes Move Higher as Bond Yields Hover Near 3% Threshold

The Stock Market Isn't Rigged, Just Look At The Odds (VIDEO)

The Stock Market Isn't Rigged, Just Look At The Odds (VIDEO)

Let the Najarian Brothers Help You Generate Income With Options

Let the Najarian Brothers Help You Generate Income With Options

All Investors Can Trade Options, Just Ask the Najarian Brothers WATCH VIDEO

All Investors Can Trade Options, Just Ask the Najarian Brothers WATCH VIDEO