dslreports logo
site
spacer

spacer
 
   
spc
story category
Sprint May be Sold to Japanese Carrier SoftBank
Deal Could be Worth $12.8 Billion
by Karl Bode 08:03AM Thursday Oct 11 2012
The morning's wireless rumor du jour is that Sprint is looking to sell a majority stake to Japanese carrier SoftBank. An anonymous source tells Reuters (as well as Japan's Nikkei business daily) that SoftBank, Japan's third-largest mobile carrier, is in talks to acquire a majority stake in Sprint in a deal valued at $12.8 billion. SoftBank has been on an acquisition spree for several years, acquiring Vodafone Japan in 2006, and most recently PHS operator Willcom back in January. SoftBank was the first carrier in Japan to sell the iPhone, and is hoping the acquisition gives them greater leverage in negotiating for handsets and network hardware, sources suggest.

view:
topics flat nest 
openbox9
Premium
join:2004-01-26
Germany
kudos:2

Softbank's network/coverage sucks

Sprint's coverage can be poor just like Softbank's. I'm curious about the strategic advantage of a third-rate carriers purchasing another third-rate carrier. I doubt that it will change the lineup of handsets.

Rabindra

@106.76.174.x

Re: Softbank's network/coverage sucks

Hello! dear here(I mean in India) is a horrible thing. Nobody admires to purchase the phone. This deal is a bloody shit one. I have not read anything in detail but it's awesome, I simply saw deal while going thoroughly through it and I hate it, it's the worst thing in the world.v I' m sorry to say this but to be honest it's true in India.

Rabindra

@106.76.174.x
said by openbox9:

Sprint's coverage can be poor just like Softbank's. I'm curious about the strategic advantage of a third-rate carriers purchasing another third-rate carrier. I doubt that it will change the lineup of handsets.


AVD
Respice, Adspice, Prospice
Premium
join:2003-02-06
Onion, NJ
kudos:1
3rd rate + 3rd rate = 6th rate
podstolom

join:2010-01-25
Wichita, KS

Oh Wow...

I can't wait to see Dan Hesse eating sushi in Tokyo with a geisha girl on his lap.

Oh, and those new Japanese ring tones on the new Evo's? ting, ting TING...ting , ting TING...Awesome!!!
uteck

join:2009-12-30

Hmm...Intresting...

When you look at the other Sprint news today, this begins to make sense. If Sprint is serious about making a counter-offer on MetroPCS, then the cash they get from this deal will help them in the other.
--
no .sig found, please restart your browser.
xenophon

join:2007-09-17

Re: Hmm...Intresting...

It doesn't make sense for it to go through but if it does, it would likely destroy Sprint. This guy is apparently the Japanese version of Richard Branson (Virgin label) but with a very poor track record.

»seekingalpha.com/article/918241-···ce=yahoo

SteelerRaw

@timet.com

Re: Hmm...Intresting...

Just a piece of unsolicited advice. Take any 'reporting' that Dana Blankenhorn does which even remotely has anything to do with Sprint with a huge grain of salt. That guy has been wrong about S so often, it isn't funny.

FFH5
Premium
join:2002-03-03
Tavistock NJ
kudos:5

Re: Hmm...Intresting...

said by SteelerRaw :

Just a piece of unsolicited advice. Take any 'reporting' that Dana Blankenhorn does which even remotely has anything to do with Sprint with a huge grain of salt. That guy has been wrong about S so often, it isn't funny.

Evidently he is RIGHT this time. Sprint has confirmed that they are in talks with Softbank.

»news.cnet.com/8301-1035_3-575303···1_3-0-20

Sprint has confirmed that it's holding discussions with Softbank. The company stopped short of saying that it will accept a full buyout, saying instead that the firms are discussing a "substantial investment." Here is Sprint's comment on the matter:

"Sprint today confirmed that it is currently engaged in discussions with Softbank regarding a potential substantial investment by Softbank in Sprint. Although there can be no assurances that these discussions will result in any transaction or on what terms any transaction may occur, such a transaction could involve a change of control of Sprint. Sprint does not intend to comment further unless and until an agreement is reached."


--
»www.gop.com/2012-republican-platform_home/
»www.gop.com/2012-republican-plat···onalism/

SteelerRaw

@timet.com

Re: Hmm...Intresting...

said by FFH5:

Evidently he is RIGHT this time. Sprint has confirmed that they are in talks with Softbank.

Right about what exactly? This was widely reported before Blankenhorn weighed in on the matter. No, I was referring to his opinion on what a potential Sprint/Softbank tie-up could mean. The guy is very bearish on S, though his reasons don't usually add up. Pretty much every time he's made a gloom and doom prediction regarding S, the stock has surged. Even he will (grudgingly) admit to this.

jseymour

join:2009-12-11
Waterford, MI

Sayonara?

Been with Sprint a long time. It's already unlikely that, if ever we decide to go with smartphones, we'd go with Sprint, anyway, but this'd put the final nail in the coffin for me.

Why doesn't Sprint really do it up right and sell itself to China Mobile?

Jim
hottboiinnc
ME

join:2003-10-15
Cleveland, OH

Re: Sayonara?

So just because Sprint would be owned by a non US company you wouldn't do business with them? A TON of products come from there and China, I'm not sure how you manage to get around such a thing.

jseymour

join:2009-12-11
Waterford, MI

Re: Sayonara?

said by hottboiinnc:

So just because Sprint would be owned by a non US company you wouldn't do business with them?

When I have a choice between a U.S. firm and a non-U.S. firm, and the U.S. firm is roughly competitive, I'll choose the U.S. firm every time.

The only exception to that rule is the thing that calls itself "AT&T."

Jim
skurfa4

join:2006-03-10
Yorktown, VA

Re: Sayonara?

Then you might have a problem if this goes through as you seem to have eliminated everyone but Verizon....Verizon Wireless is 50% owned by Vodafone, A British company.
--
Fairtax.org, It's time.

SlowFITL

join:2012-02-01
Mobile, AL
Reviews:
·AT&T Southeast

Re: Sayonara?

said by skurfa4:

Then you might have a problem if this goes through as you seem to have eliminated everyone but Verizon....Verizon Wireless is 50% owned by Vodafone, A British company.

Incorrect. Vodafone owns 45% of VZW while Verizon owns the other 55% and thereby controls VZW.

Broadband123

@ricalnightmare.com
Vodaphone (Europe) owns a 45% stake in Verizon Wireless. That's just shy of a majority control we're talking here.

jseymour

join:2009-12-11
Waterford, MI

Re: Sayonara?

said by Broadband123 :

Vodaphone (Europe) owns a 45% stake in Verizon Wireless. That's just shy of a majority control we're talking here.

49% would be even shyer, but would still not constitute a controlling interest.

Jim

Subaru
1-3-2-4
Premium
join:2001-05-31
Greenwich, CT
kudos:1

Nice

Now would I be able to use my panasonic Japanese softbank phone here now?
openbox9
Premium
join:2004-01-26
Germany
kudos:2

Re: Nice

Maybe if Sprint wants to fire up a GSM network.
NiteSn0w

join:2010-12-24

Re: Nice

Which would never happen.
openbox9
Premium
join:2004-01-26
Germany
kudos:2

Re: Nice

Exactly, nor should it at this stage of the tech landscape.

linicx
Caveat Emptor
Premium
join:2002-12-03
United State
Reviews:
·TracFone Wireless
·CenturyLink

Shhh! It is not big deal; it's one sentence

SoftBank of Japan Said to Be Near Deal for Control of Sprint

SoftBank of Japan is nearing a deal to buy control of Sprint Nextel, a person briefed on the matter said on Thursday, giving the struggling American cellphone service provider a deep-pocketed backer to help finance its latest turnaround.

DealB%k »dealbook.nytimes.com/?WT.mc_id=D···c=197265

And it is good news for Sprint.
--
Mac: No windows, No Gates, Apple inside

dz4505

@cuny.edu

what?

Sprint got the iPhone for 16 billion. Now they're selling themselves for 12 billion?