Sunday, 16 December 2018

Softbank breaks records with $20.1bn deal for 70% of Sprint

By Nick Wood, Total Telecom
Monday 15 October 12

Japanese mobile operator in bid to crack 'duopolistic' U.S. market; Sprint's Hesse talks up company's turnaround.

Softbank confirmed on Monday it has agreed to acquire 70% of Sprint Nextel in a deal worth $20.1 billion – the largest-ever foreign acquisition by a Japanese company. The transaction, approved by the boards of both companies, creates a company with 92 million mobile users, propels Softbank Group to the world's third-largest operator in terms of mobile revenue – behind China Mobile and Verizon Wireless – and significantly bolsters Sprint's finances as the U…

Softbank confirmed on Monday it has agreed to acquire 70% of Sprint Nextel in a deal worth $20.1 billion – the largest-ever foreign acquisition by a Japanese company. The transaction, approved by the boards of both companies, creates a company with 92 million mobile users, propels Softbank Group to the world's third-largest operator in terms of mobile revenue – behind China Mobile and Verizon Wireless – and significantly bolsters Sprint's finances as the U…

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