 LinklistPremium
join:2002-03-03
Longport, NJ
kudos:5 | Softbank's takeover of Sprint gets cheaper as $ appreciates SoftBank borrowed all the money to buy Sprint from Japanese investors. As the $ appreciates in value vs the Yen, it gets cheaper to pay back the loans to those Japanese investors. So, who cares? Well it makes it easier for SoftBank to continue spending more money than they will take in from the Sprint deal as they continue to build up Sprint's infrastructure. It is also why Dish will never get Clearwire and Sprint will - cash to burn.
»www.businessweek.com/news/2013-0···int-deal
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I will be perfectly happy if the budget cuts specified in the Budget Control Act go into effect. 3 cheers for the sequester. Take the money from the drunken federal spenders. |
