Oct 12, 2012

Sprint Discusses Possible Acquisition with Softbank

Sprint Discusses Possible Acquisition with Softbank

Feeling the need to boost its high-speed LTE network that falls behind Verizon and AT&T, Sprint is reportedly in talks with one of Japan's largest wireless carriers of a possible takeover. The third-largest carrier in the United States, with over 56 million subscribers, said that Softbank is considering a “substantial investment” in the company, which would give Sprint much-needed capital. The announcement comes after reports that T-Mobile, owned by Germany-based Deutsche Telekom, would merge with regional carrier MetroPCS, which Sprint tried to take over earlier this year.

Gadget.com , Sprint Discusses Possible Acquisition with Softbank, Sprint Discusses Possible Acquisition with Softbank

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