Softbank reportedly will purchase a 70 percent stake of Sprint

Following up on previous reports of talks between Japan's Softbank and Sprint, numerous reports are now suggesting that Softbank will take on a 70 percent stake in Sprint.

Although nothing official has been laid down by either company at this point, CNBC and Business Insider are both reporting the deal will officially be announced as of Monday.

When it comes to the terms of the agreement, it's been suggested the deal will cost Softbank $20 billion -- $8 billion in shares directly from Sprint, and a $12 billion offer to buy shares from the public.

Overall, the deal is interesting and should buy Sprint some time to roll out their LTE network on a grander scale though it remains unknown what, exactly the deal will mean in the long-term for either company.

Source: Business Insider; CNBC

 

Chris Parsons

Editor-at-Large at Mobile Nations, gadget junkie, energy drinker, ranter.

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There are 4 comments. Add yours.

DarkMx2000 says:

Cant wait till the announcement, i am eager to see what this will mean for Sprint in the long run.

C4U2NV says:

yeah lets see what happens

lungho says:

Pure speculation but, I bet there will be some analyzing and restructuring as to how business is done. As a result, they will announce there will be no more unlimited anything.

rbf1337 says:

You should have gone with educated guess instead of pure speculation. Softbank mobile offers unlimited data plans; Sprint offers unlimited data plans. Please tell me what part of this information leads you to think they will announce 'no more unlimited anything'?