Softbank of Japan to buy 70 pct of Sprint for $20.1B shot in the arm for struggling No. 3

Star Tribune Monday 15th October, 2012

TOKYO - Japan's Softbank has agreed to buy 70 percent of Sprint for $20.1 billion, giving the struggling U.S. cellphone company an infusion of cash and confidence. The deal, announced Monday in Tokyo, positions Overland Park, Kan.-based Sprint Nextel Corp. as a stronger competitor to market leaders Verizon Wireless and AT&T, but it doesn't solve some of the company's underlying problems. Softbank Corp. is the No. 3 cellphone company in Japan, ...

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Source: http://www.zimbabwenews.net/index.php/sid/210065894/scat/3a8a80d6f705f8cc

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