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Feeling the need to boost its high-speed LTE network that falls behind Verizon and AT&T, Sprint is reportedly in talks with one of Japan’s largest wireless carriers of a possible takeover.
The third-largest carrier in the United States, with over 56 million subscribers, said that Softbank is considering a “substantial investment” in the company, which would give Sprint much-needed capital.
The announcement comes after reports that T-Mobile, owned by Germany-based Deutsche Telekom, would merge with regional carrier MetroPCS,
which Sprint tried to take over earlier this year. If this deal gets
approved, the fourth-largest wireless carrier will have as much as 42.5
million customers.
Meanwhile, reports said Softbank is considering buying a 75% share in Sprint, which could cost at least $12.8 billion.
“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,” the
company said in a statement. “Sprint does not intend to comment further
unless and until an agreement is reached.”
Source: Los Angeles Times
Photo credit: Kiyoshi Ota
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