>> Donald Trump, Tuesday, scoring another corporate victory in his quest to make good on a pledge to bring jobs back to America. But this deal doesn't involve an easily recognizable American name.>> This is Masa of SoftBank from Japan. And he has just agreed to invest $50 billion in the United States and 50 thousand jobs.
>> Why would a Japanese business man want to invest in the US?>> Because he would do a lot of deregulation. I said, this is great.>> Not only is Masayoshi Son a player in Silicon Valley through his company SoftBank, he also owns a majority stake in Sprint And it's that holding that's driving this investment, explains Reuters telecom reporter, Malathi Nayak.
>> In 2014 if you recall, Sprint tried to merge with T-Mobile to form a larger wireless player in the industry. But US regulators were not on board and the deal was abandoned. But it's believed that now under a pro-business Republican administration, the new FCC might have a lighter touch when it comes to regulation.
>> And this time, not stand in the way of letting the country's number four wireless service provider, Sprint, buy number three, T-Mobile. Investors quickly caught merger fever speculating that Masa Son is going to try again under Trump, sending shares of Sprint surging to a two and half year high.
And T-Mobile stock was up, too. The SoftBank announcement marks the softer side of the President-elect, who has used Twitter to threaten CEOs who don't get on board with his job saving program with a 35% tariff. And comes less than a week after Trump and his team convinced Carrier not to ship 1,100 factory jobs to Mexico.
Carrier's parent company United Technologies says nothing was received in exchange. But the State of Indiana, home of Trump's VP, Mike Pence, did kick in $7 million in state tax breaks.