Wednesday, 26 April 2017

Softbank takes ownership of new Sprint Corp

By Mary Lennighan, Total Telecom
Thursday 11 July 13

$21.6 billion takeover of U.S. mobile operator closes leaving Sprint Corp with $5 billion in cash; new M&A move from Dish Network likely.

Softbank has completed its $21.6 billion acquisition of Sprint Nextel, leaving the U.S. mobile operator with a new name and $5 billion in cash at its disposal, but without changing its top management. Sprint Nextel CEO Dan Hesse will remain at the helm of the newly-created Sprint Corporation, which will be listed on the New York Stock Exchange under the ticker symbol 'S'…

Softbank has completed its $21.6 billion acquisition of Sprint Nextel, leaving the U.S. mobile operator with a new name and $5 billion in cash at its disposal, but without changing its top management. Sprint Nextel CEO Dan Hesse will remain at the helm of the newly-created Sprint Corporation, which will be listed on the New York Stock Exchange under the ticker symbol 'S'…

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