- 10-11-2012, 07:10 AM #1
(Reuters) - Softbank Corp (9984.T), Japan's third-largest mobile carrier, is in talks to buy a majority stake in U.S. telecoms company Sprint Nextel Corp (S.N) in a deal worth more than 1 trillion yen ($12.8 billion), a source with direct knowledge of the matter told Reuters on Thursday.
I wonder how this will effect Sprint?
Japan's Softbank in talks for $12.8 billion Sprint stake | Reuters
- 10-11-2012, 11:01 AM #4
- 10-11-2012, 02:22 PM #7
- 10-11-2012, 04:20 PM #9
- 10-11-2012, 04:44 PM #10
I just read this other report that says Sprint needs financial help and this will help them compete with Verizon and AT&T. I don't know if it's a good thing or a bad thing: Sprint in Talks With Softbank on
Last edited by palandri; 10-11-2012 at 05:20 PM.
- 10-11-2012, 04:59 PM #11
- 10-11-2012, 05:18 PM #12
- 10-14-2012, 08:00 PM #14
Hopefully the consumer wins in the end.
CNBC: Softbank to pay $20 billion for a 70 percent stake in Sprint -- Engadget
Rumors of Sprint's $12 billion acquisition by Softbank weren't exaggerated, they were understated: according to CNBC, the Now Network will announce a $20 billion transaction with the Japanese network on Monday, granting Softbank a 70 percent stake in the company. According to people familiar with the matter, Softbank will purchase $8 billion in shares directly from Sprint, snagging an additional $12 billion in stock at $5.25 a share from other shareholders. The Japanese firm's payout would net Sprint $3 billion, money CNBC supposes it might use to regain control of Clearwire. Softbank's cash may also be used to bolster Sprint's ongoing LTE rollout, which is poised to light up in over 20 markets in the coming months. The details are said to be officially announced tomorrow morning, but we've reached out to Sprint for a comment in case it wants to spill the beans early.
- 10-15-2012, 12:03 PM #16
Mods: If you need to move this please do. I merged it with another thread
Softbank to Buy 70% of Sprint as Son Seeks Growth in U.S. - Bloomberg
So, now with it semi-official that Japanese company Softbank will be buying a majority share in Sprint, how does this change things for the company as a whole? Does it bode well or bad for teh future of Windows based devices? I've been trying to get into Softbank to try and see what devices they support and sell regularly but I cannot seem to get passed the internet block due to my living in teh U.S.
Anyone know much here about Softbank? I just heard on CNN they were the first company in Japan to sell teh iPhone back in the day.
OK, nevermind, right after posting this, I binged Softbank and found an Engilsh versio of thier website. It appears after a quick browse of the site, the only Windows devices they have are Professional grade Windows Mobile units. Still not really sure about this company. Anyone have any facts about them?
Last edited by palandri; 10-15-2012 at 12:48 PM. Reason: add addendum
10-15-2012, 12:11 PM #17
- 392 Posts
Well, the iPhone is near the top of the website, they sell a lot of Japanese products, including a lot of Sharp Aquos Android phones that I have never seen before and flip phones are still part of their product lineup. They only have one Nokia, the X02. And no WP devices.
So, nope, I don't foresee any WP love suddenly. Maybe some unique offerings from Sharp, Panasonic and Toshiba. But no WP.
- 10-15-2012, 12:23 PM #18
I had no issues viewing Softbank's site, despite living in the US. Most of the devices they sell are from Japanese companies such as Casio, Panasonic, Sharp, Kyocera, Fujitsu, Toshiba. They also carry Dell, HTC, Huawei, Nokia (Symbian), Apple and ZTE.
I doubt if the brands carried by Softbank in Japan would have much effect on Sprint's future offerings. Japan has historically sold mostly domestic phones, not imports. Japanese OEM phones never were big sellers in the US; the only one I remember is Sony.
Products | SoftBank
- 10-15-2012, 12:52 PM #20
If they turn Sprint to a GSM network I will be really happy. Especially if it runs on AT&T spectrum!
- 10-15-2012, 01:31 PM #21