America doesn't know how bad its Internet speed is: Sprint's Son

Softbank's Masayoshi Son—also the chairman of Sprint—said that Americans don't realize how bad their Internet service really is.

"This is the country that invented internet," he said to Re/code co-founder Walt Mossberg at the tech-centric Code Conference on Wednesday.

"How can Americans live like this?" he asked.

See Re/code's live blog of Masayoshi Son's dialogue

Source: Re/code

The issue is crucial to the country's future, as much of America's wealth in the 20th century was based on a robust infrastructure—like highways—and high-quality broadband infrastructure will be crucial to prosperity in the 21st century,

He also noted that Comcast is his service provider.

He also acknowledged that Sprint, which be bought a majority stake in, still has many problems with its network.

"I've only owned the company for six months," he said. "It takes a few years to build."

He also said there's a good chance that Alibaba's IPO could be the biggest ever, and that eventually the company would come to the US, though probably not for many years.

Disclosure: NBCNews group is a minority stakeholder in Re/code and has a content sharing partnership with it. Comcast is NBC Universal's parent company.