Softbank Says They'll Invest $16 Billion in Sprint
Hopes to Pull Even With Verizon LTE in Two Years
by Karl Bode 08:57AM Monday Jul 08 2013 Tipped by SrsBsns
With Dish out of the way, shareholders placated and regulators giving their green light to the Sprint/SoftBank/Clearwire deal
, SoftBank is now promising that they'll invest heavily in their new U.S. company in order to help make Sprint more competitive with industry giants AT&T and Verizon Wireless. According to SoftBank, they're preparing to spend some $16 billion on Sprint over the next two years
, with a significant chunk of that $1.6 Trillion Yen going toward LTE base stations. SoftBank President Masayoshi Son says he hopes to pull even with Verizon LTE deployment within two years. "We've found that there is considerable possibility for cutting costs," insists Son.