Sprint in talks with Japan's Softbank, may sell stake in company

Sprint has disclosed that they're in talks with Softbank, Japan’s third-largest mobile carrier, about Softbank potentially acquiring of a large stake in Sprint. In a statement this morning, Sprint announced that the talks primarily regard a “substantial investment” in Sprint by Softbank, and a potential transaction could change who controls Sprint. Such a move would give Softbank an instant national foothold in the United States, and help Sprint financially. They would not be the first internationl carrier to come to the U.S. either. Vodafone, the second-largest carrier in the world, owns a large stake in Verizon Wireless, and T-Mobile is famously owned by Deutsche Telekom.

Sprint has been the thrid-place carrier in the U.S. for years, and though a Softbank investment would not change that, at least in the short term, it might allow Sprint a bit of breathing room, as well as more resources to increase the deployment of their LTE network. What this means for a potential Sprint bid on MetroPCS is unknown.

Source: Sprint

Joseph Keller

Joseph Keller is the former Editor in Chief of iMore. An Apple user for almost 20 years, he spends his time learning the ins and outs of iOS and macOS, always finding ways of getting the most out of his iPhone, iPad, Apple Watch, and Mac.