Japan's mobile carrier Softbank Corp is in talks to buy more than two-thirds of shares in US Sprint Nextel Corp, the third-largest mobile phone company, for more than $19.2 billion (1.5 trillion yen), news reports said Thursday.
The deal would enable Softbank, the vendor of Apple Inc's iPhone smartphones in Japan, to get a foothold in the US market, the Nikkei business daily reported.
Softbank announced this month it would acquire smaller mobile service operator eAccess Ltd in Japan.
Most Popular Stories
- Chobani Counters Competition With Expanded Lineup
- Pope Francis, Huge Crowd Joyously Celebrate Easter
- Automakers Turn to China to Fuel Sales Growth
- GM Boosting China Production Capacity
- GOP Making Bold Play for Oregon Senate Seat
- Report: Iran VP Says Row Over Reactor Resolved
- NASA's Space Station Robonaut Finally Getting Legs
- Confusion, Anger as Sunken Ferry's Relatives Wait
- Delay in Ferry Evacuation Puzzles Maritime Experts
- Putin: No Blocks to Boosting Relations With West