It’s official. Sprint Nextel and Softbank are getting together. If the deal is approved, Softbank will own 70 percent of Sprint Nextel. That means this is not really an acquisition. Rather it is an investment. However, as a majority owner you can expect Softbank to steer the Sprint ship. This is great news for Sprint Nextel and for Softbank. Sprint has been struggling in a weak third place. It started when Sprint was a long-distance company and continued when it got into wireless. This could give Sprint the financial backing it needs to grow more rapidly.
Loading ...
Softbank Tosses the Dice With $20B Sprint Deal
Posted by: Jeff Kagan October 15, 2012 09:32 AMIt’s official. Sprint Nextel and Softbank are getting together. If the deal is approved, Softbank will own 70 percent of Sprint Nextel. That means this is not really an acquisition. Rather it is an investment. However, as a majority owner you can expect Softbank to steer the Sprint ship. This is great news for Sprint Nextel and for Softbank. Sprint has been struggling in a weak third place. It started when Sprint was a long-distance company and continued when it got into wireless. This could give Sprint the financial backing it needs to grow more rapidly.