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Oct 11, 2012

SoftBank to Acquire Sprint




United States carrier Sprint might soon be sold to Japanese operator SoftBank, the latest reports on the matter suggest.

Only a few details on the deal have been made available so far, courtesy of Nikkei, such as the fact that SoftBank might have to pay 1.5 trillion yen, or $19.22 billion for the US carrier. As BGR notes, the Japanese company purchased earlier this month rival carrier eAccess. Moreover, it seems that the operator is also considering other similar deals.

Sprint, which was rumored before to plan acquiring MetroPCS, has lost interest in that transaction lately, thus allowing T-Mobile to take advantage of the opening. Apparently, Sprint’s decision was based on a switch of focus, provided that the newly rumored deal is indeed real. Hopefully, additional info on the matter will emerge soon, so stay tuned for more on this.

Sprint logo
Image credits to Sprint

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