Softbank, a Japanese mobile carrier, is trying to buy a 70% stake in the U.S. carrier sprint, for a whopping sum of $12.8 billion.
1 Star2 Stars3 Stars4 Stars5 Stars (Rate This)
Loading...

Sprint is one of the largest carriers in the U.S. and has a huge base of subscribers. Now, a Japanese mobile carrier, Softbank Corp., has plans of acquiring a 70% stake in Sprint. The deal, it is being said, is going to rake in a massive $12.8 billion or even more.


Sprint

Softbank has been trying to expand the scope of its operations well beyond Japan. The company has been involved in a number of recent acquisitions and in the past, has hinted at acquiring a stake in the Vodafone Group.

Now, it is trying to get a foothold in the U.S. market through the acquisition of Sprint. According to a person close to the negotiations happening between Sprint and Softbank, the deal will exceed a whopping sum of $12.8 billion.

By paying such a hefty sum, Softbank will be able to acquire a 70% stake in Sprint. The rest of the company’s stake will be traded in the market. However, this is not decided and the negotations between the two giants are still on their way.

Sprint happens to be the third largest U.S. carrier and registered an operating income of $214 million last year, with its total revenue clocking at $33.6 billion. The carrier intends to start the deployment of 4G LTE services this year and will effectively roll out the new connectivity option to millions of users.

Source: WSJ

Courtesy: All Things D

Buy Cheapest Related Product From Amazon.com


SEGA Launches ‘Crazy Taxi’ Game On iPhone, iPad, and iPod Touch

Lenovo Beats HP To Become Top Global PC Maker
You can also press the left/right arrow key on your keyboard to go to previous/next post
  On October 12, 2012(3 years, 11 months ago.)

You May Also Like:

What Do You Think?

Leave a Reply




Loading Facebook Comments ...

FTC Disclosure: Some of the links of this website are "affiliate links." This means if you click on the link and purchase the item, we will receive an affiliate commission.


Recent Search

Recent Tutorials

There is a high-risk XSS Vulnerability in W3 Total Cache, and we have got the guide to the fix for you.
Check out this tutorial to know how to install Apple watchOS 3 beta certificate on your Apple Watch and start enjoying the new version.
If you are trying to jailbreak iPhone, iPad or iPod on iOS 9.2 - 9.3.3 without using a computer or Apple ID, then check this video tutorial.
Pokemon Go users are complaining about the crashing and server issues. Check out the tutorial to solve error problems and thanks us later.
Turning off Wi-Fi Assist is a great way to save mobile data since it automatically starts using cellular data when Wi-Fi signal is poor .
If you want to secure your SIM card from others using it, then check out this tutorial to know how to set up the SIM Pin code on your iPhone.
CiderTV is a great alternative to control Apple TV from the Notification Center. Check out this tutorial to set up CiderTV on your iPhone.
Are you annoyed by the split screen mode on the iPhone 6 Plus or 6s Plus? Check out this quick tutorial to turn off split screen feature.
If you could not wait to installed the iOS 10 beta version on you iPhone and now struggling for the errors, then this tutorial is for you.
Siri might not understand the question you asked. But you can use Siri by editing the text that you asked & it will give an updated answer.
Close You Have To Login
User:
Pass:
Login With »Login With TwitterLogin With Facebook