Japanese SoftBank acquires 70% of US Sprint for $20.1 billion

15 October, 2012
The Japanese carrier will pay $8 billion for newly-issued shares and $12.1 billion for existing ones.

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  • m
  • mikewu1
  • E4N
  • 15 Oct 2012

Prestige, 15 Oct 2012But with an extra $8 billion in cash, Sprint finally has th... moreYou know T-mobile USA is merging with MetroPCS right? I doubt Sprint will buy metro anything soon.

    • ?
    • Anonymous
    • DIx
    • 15 Oct 2012

    ikkie, 15 Oct 201220.1 billion?!! Are sprint even worth that much, let alone 70%?sure is worth every penny given the outrageous rates US customers pay for mobile networks. the US market is without consumer protections with large providers getting to rewrite the laws to there benefit every election cycle. An example us networks charge both the caller and receiver for every call. Xman

      • s
      • shaib
      • P$b
      • 15 Oct 2012

      its a good 1 sprint should be getting a boost with softbank and i think they can do some competitive business with others in US

        • P
        • Prestige
        • kW6
        • 15 Oct 2012

        But with an extra $8 billion in cash, Sprint finally has the breathing room to invest in the network upgrade, and can also snag MetroPCS. That's where the synergies come in.

          • i
          • ikkie
          • nxX
          • 15 Oct 2012

          20.1 billion?!! Are sprint even worth that much, let alone 70%?

            • j
            • joe
            • tD5
            • 15 Oct 2012

            nice

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