Sprint Nextel confirmed on Thursday that it was in talks with Softbank of Japan, giving credence to rumors circulating in the press. The deal would likely give Sprint a boost and help the struggling company finance its ongoing turnaround efforts. Sprint is currently the third largest mobile carrier in the U.S. after AT&T and Verizon. Softbank may take a 75 percent stake in Sprint, and the deal could open the door for its potential acquisition of Clearwire, a wireless services provider in which Sprint currently owns a significant share.
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Softbank Billions Could Put Sprint Back in the Game
Posted by: Peter Suciu October 11, 2012 11:51 AMSprint Nextel confirmed on Thursday that it was in talks with Softbank of Japan, giving credence to rumors circulating in the press. The deal would likely give Sprint a boost and help the struggling company finance its ongoing turnaround efforts. Sprint is currently the third largest mobile carrier in the U.S. after AT&T and Verizon. Softbank may take a 75 percent stake in Sprint, and the deal could open the door for its potential acquisition of Clearwire, a wireless services provider in which Sprint currently owns a significant share.