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Japanese SoftBank acquires 70% of US Sprint for $20.1 billion

15 October, 2012 | Read the news | Post your comment
Japanese SoftBank acquires 70% of US Sprint for $20.1 billion - read the full textIn a press event today, Japanese carrier SoftBank officially announced it is acquiring 70 percent of US carrier Sprint for $20.1 billion. The money will be spent on both newly-issued shares ($8 billion) as well as on existing ones ($12.1 billion). This comes as a breath of fresh air for...

 

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> In reply to Prestige @ 2012-10-15 18:00 from kW6q - click to readYou know T-mobile USA is merging with MetroPCS right? I doubt Sprint will buy metro anything soon.

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  • 2012-10-15 19:56
  • E4Ne

> In reply to ikkie @ 2012-10-15 17:01 from nxX0 - click to readsure is worth every penny given the outrageous rates US customers pay for mobile networks. the US market is without consumer protections with large providers getting to rewrite the laws to there benefit every election cycle. An example us networks charge both the caller and receiver for every call. Xman

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  • 2012-10-15 19:22
  • DIxY

its a good 1 sprint should be getting a boost with softbank and i think they can do some competitive business with others in US

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  • 2012-10-15 18:51
  • P$bp

But with an extra $8 billion in cash, Sprint finally has the breathing room to invest in the network upgrade, and can also snag MetroPCS. That's where the synergies come in.

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  • 2012-10-15 18:00
  • kW6q

20.1 billion?!! Are sprint even worth that much, let alone 70%?

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  • 2012-10-15 17:01
  • nxX0

nice

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  • 2012-10-15 16:59
  • tD5g

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