Japanese carrier Softbank to acquire Sprint for $12.8 billion
File this one under “did not see this one coming.” Softbank seems to be on a roll as they just recently completed a similar acquisition of eAccess who was one of their closest competitors. Now, according to Wall Street Journal and Reuters reports, Softbank’s scope are squarely positioned on Sprint. Sprint hasn’t been doing their worse lately, but they’ve certainly been no strangers to the ropes, is this the god send they’ve been looking for?
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ramontrotman
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Sprint needs a hand…anything. This can only help them. They’ve always been the forgotten carrier. Like people end up there and eget confused and forget to leave.
So who is paying the next Apple installment. Contract, what contract? Don’t know nothin about no stinkin contract.
As far as I’ve ever seen, Sprint also contracts its bandwidth out to a lot of these little “specialty” carriers. I wonder how they’ll be affected.
On the way home yesterday, this got a mention on NPR’s “Marketplace.” The words they used were “controlling stake,” which is more correct seeing Sprint is publicly traded. Also, Sprint stock was up 14% on the news. I guess the stock market likes the offer.