Sprint in Talks With Softbank on ‘Substantial’ Investment

WOW! A Japanese Controlled Sprint Nextel Network?
This Could Have Major Ramifications…

Sprint Nextel Corp. (S) said it’s in talks with Softbank Corp. (9984) for a “substantial” investment from the Japanese carrier, potentially shifting the balance of power in the U.S. telecommunications industry.

Softbank, Japan’s third-largest mobile-phone company, is seeking control of Overland Park, Kansas-based Sprint, according to two people familiar with the matter, who asked not to be identified because the discussions are private. The deal could involve Softbank taking a stake of as much as 75 percent of Sprint, said one of the people.

Read More: Sprint and Softbank

by  Jeffrey McCracken, Yoshinori Eki and Scott Moritz on October 11, 2012