By Karlee Weinmann ( February 6, 2014, 12:30 PM EST) -- SoftBank Corp. and Sprint Corp. will decide soon whether to proceed with a hotly contested bid to swallow up rival wireless provider T-Mobile USA Inc., Bloomberg reported on Wednesday. The executives have meetings scheduled with U.S. regulators, believed to be skeptical of the prospective tie-up's effects on competition. SoftBank head Masayoshi Son is also planning to meet with T-Mobile parent Deutsche Telekom AG to discuss whether it makes sense to start structuring a deal. SoftBank has a controlling stake in Sprint and is trying to win over U.S. regulators, arguing that combining the third- and fourth-biggest mobile servicers in the U.S. will maximize competition by allowing them to better compete with the No. 1 and No. 2 carriers, Verizon Wireless and AT&T Inc....
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