Sprint Confirms Softbank Talks
Updated: Removed reference to CDMA
Sprint today confirmed earlier reports that it is holding discussions with Japan's Softbank. Sprint did not describe the talks as pertaining to an acquisition. Rather, it said Softbank may make a "potential substantial investment" in Sprint. In a statement, Sprint said, "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." Softbank is the third-largest wireless network operator in Japan, behind NTT DoCoMo and KDDI.
|Sprint reportedly agrees to sell 70 percent stake to Softbank||Haggard||
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