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Sprint Confirms Softbank Talks

Oct 11, 2012, 10:31 AM by Eric M. Zeman
updated Oct 11, 2012, 10:44 AM

Sprint today confirmed earlier reports that it is holding discussions with Japan's Softbank. Sprint did not describe the talks as pertaining to an acquisition. Rather, it said Softbank may make a "potential substantial investment" in Sprint. In a statement, Sprint said, "Although there can be no assurances that these discussions will result in any transaction or on what terms any transaction may occur, such a transaction could involve a change of control of Sprint. Sprint does not intend to comment further unless and until an agreement is reached." Softbank is the third-largest wireless network operator in Japan, behind NTT DoCoMo and KDDI.

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Haggard

Oct 14, 2012, 4:31 PM

Sprint reportedly agrees to sell 70 percent stake to Softbank

Sprint Nextel has reportedly reached an agreement to sell 70 percent of the wireless carrier to Japanese mobile carrier Softbank for $20 billion.

Both companies' respective boards have approved the deal, which is expected to be announced tomorrow, sources tell CNBC. Under the deal, Softbank will buy $8 billion in stock directly from Sprint, with another $12 billion purchased from existing stockholders.

http://news.cnet.com/8301-1035_3-57532094-94/sprint- ... »

lostandfound

Oct 11, 2012, 10:40 AM

WRONG!

Softbank has a WCDMA network and a TDD-LTE network.
The only overlap with Sprint would be Clearwire's TDD-LTE network.

rwalford79

No, not wrong. They said an investment and two incompatible networks CAN merge since Sprint is moving to LTE, and you yourself said SoftBank has a TDD-LTE network. So yes, moving forward thwy can be compatible. Additionally, SoftBank is doong it for t...
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