This would be the second time Softbank has made an effort to acquire T-Mobile.
The Japanese telecom SoftBank, which owns Sprint, is looking to make another run at T-Mobile US, Reuters' Liana Baker reports.
T-Mobile's stock is up 5% 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.
Regulators under the Obama Administration had objected to the tie-up out of concern that eliminating a major competitor in the telecom market would be bad for consumers.
A change in the government could give CEO Masayoshi Son the opening he needs. In December he met with President Trump, who announced he'd pledged to create 50,000 new jobs in the US. The investment is actually from the SoftBank Vision Fund and was announced in October.
In August, Bloomberg News reported that Son was likely to make another run at Sprint if the new Federal Communications Commission head would be more amenable to it.
SoftBank is a highly acquisitive company. On Tuesday it announced it was buying the asset manager Fortress Investment Group for $3.3 billion.
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