SoftBank

T-Mobile merger with Sprint looks more likely as Softbank and Deutsche Telekom agree on sale

T-Mobile merger with Sprint looks more likely as Softbank and Deutsche Telekom agree on sale

Derek Kessler 390

Softbank is making an end-run around concerns about a merger of Sprint and T-Mobile US by instead hitting up T-Mobile's parent company Deutsche Telekom. As reported by Japanese news agency Kyodo, Japan-based Softbank has entered into an agreement with Germany-based Deutsche Telekom to buy the latter's ownership stake in US carrier T-Mobile. The US Federal Communications Commission and...

Sprint chairman claims carrier will start 'massive price war' if T-Mobile buyout allowed to go through

Sprint chairman claims carrier will start 'massive price war' if T-Mobile buyout allowed to go through

Andrew Martonik 214

It's not much of a secret that Sprint intends to make a bid for smaller rival T-MobileSprint securing $50 billion in funding from 2 banks for T-Mobile purchase"), but SoftBank CEO and Sprint chairman Masayoshi Son is making big claims about what the combined companies would do. Speaking in an interview on PBS, Son claimed that if a deal to let Sprint buy T-Mobile were agreed to and...

SoftBank to take 57 percent stake in phone distributor Brightstar for $1.26 billion

SoftBank to take 57 percent stake in phone distributor Brightstar for $1.26 billion

Andrew Martonik 29

Stake in company to grow to 70 percent over next five years After purchasing a majority stake in Sprint earlier this year, Japanese carrier SoftBank is eyeing an investment in U.S. phone distributor Brightstar. The deal will see SoftBank take a 57 percent stake in the company for $1.26 billion in cash, and has already been approved by SoftBank's board. Brightstar is a name you may not...

FCC approves Softbank's investment in Sprint and Sprint's acquisition of Clearwire

FCC approves Softbank's investment in Sprint and Sprint's acquisition of Clearwire

Jerry Hildenbrand 26

The FCC has reached two very important decisions for Sprint today. The commission has voted unanimously to approve all applications filed by Softbank, Sprint and Clearwire concerning the recent acquisition and investment news. This means Softbank now has the green light to pour their 22 Billion into Sprint, and likewise Sprint has the go ahead to purchase the 49-percent of Clearwire...