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

Posted by timothy on from the anticipate-xenophobes dept.

New 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."

3 of 59 comments (clear)

  1. Explains my crappy signal strength by sl4shd0rk · · Score: 4, Funny

    Sprint has apparently already moved it's towers to Japan

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  2. Gleat by Anonymous Coward · · Score: 1, Funny

    Now I have to get used to calling it Splint.

  3. Who are we? by CCarrot · · Score: 4, Funny

    "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. ..."

    We're number three! We're number three!

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