News Column

Japan's Softbank in Talks to Acquire US Sprint Nextel Corp

Oct. 11, 2012

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.

Source: Copyright 2012 dpa Deutsche Presse-Agentur GmbH

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