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October 16, 2012 02:05 pm

Japan's Softbank Buying Sprint, Creating Third-Largest Global Carrier


First time accepted submitter metallurge writes "Japan's third-largest wireless carrier intends to acquire Sprint, the third-largest U.S. carrier for 20.1 Billion U.S. dollars, creating the third-largest global carrier. After the transaction is completed, Softbank will own 70% of the newly-created 'New Sprint,' which will maintain current Sprint CEO Dan Hesse in that role. How this will affect Deutsche Telekom/T-Mobile's attempt to merge with Sprint reseller MetroPCS is unclear."

Read more of this story at Slashdot.


Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/BNI0dmr7l2w/japans-softbank-buying-sprint-creating-third-largest-global-carrier

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