Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

SoftBank is reportedly making another run at T-Mobile - and T-Mobile is up 4%

Portia CroweFeb 18, 2017, 01:14 IST

T-Mobile US CEO John Legere speaks at an Un-carrier event in 2013.John Moore/Getty Images

The Japanese telecom SoftBank, which owns Sprint, is looking to make another run at T-Mobile US, Reuters reports.

T-Mobile's stock is up 4% on the news.

This would be the second time Softbank has made an effort to acquire T-Mobile.

It explored the idea in 2014, only to back down after telecom regulators made it clear they would block any acquisition of the fourth-largest US carrier.

In 2011, AT&T struck a $39 billion deal to acquire T-Mobile, but walked away after US regulators threatened to block it.

More to come...

NOW WATCH: The reason millennials became obsessed with payment app Venmo has nothing to do with money

Please enable Javascript to watch this video