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Softbank Eyeing 70% Stake in Sprint; Clearwire Uncertain

Article Comments  7  

Oct 11, 2012, 2:44 PM   by Eric M. Zeman   @phonescooper
updated Oct 11, 2012, 4:39 PM

The latest information from sources familiar with the discussions between Softbank and Sprint say the Japanese network operator will not acquire Sprint outright. Instead, Softbank will acquire about 70% of Sprint through a cash infusion and stock, reports The Wall Street Journal. The Journal's sources pointed out that Clearwire's role is an important one in finalizing the deal between Sprint anf Softbank. Clearwire owns a large swath of wireless spectrum and is deploying a TDD-LTE 4G network similar to the one Softbank is deploying in Japan. Softbanks wants Clearwire, but Sprint only owns about 54% of Clearwire. Sprint may purchase the remaining shares of Clearwire that it doesn't already own in order to help facilitate the Softbank deal. The Journal's sources said the negotiations are on-going, and may fall apart at any time.

more info at Wall Street Journal »

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Comments

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MadFatMan

Oct 11, 2012, 7:55 PM

Softbank Won't Put Up With Clear...

Seriously man Clear (Clearwire) cannot even pay the interest on their corporate loans let alone anything towards the principal and forget making payments as promised.

Clear is the primary reason why Sprint has had to seek alternative sources of capital and voo doo economics.
While it may not be choice spectrum bands, Clearwire owns an abundance of 2600Mhz frequency that would be quite useful in supplementing Sprint's own holdings. One of the key reasons Sprint has been holding onto Clearwire as a partner. There is advanta...
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island-guy

Oct 11, 2012, 8:58 PM

Maybe sprint will get some of those cool Japanese phones now

Very Happy
They already have them. Hello Kyocera Echo! Laughing
mikkej2k

Oct 11, 2012, 4:41 PM

Sounds complicated.

All of this to increase the amount of leaverage softbank has to purchase equipment?
Yes. But it's not as simple as just leverage to purchase equipment. Currently LTE handset vendors and chipmakers are focused on FD LTE. It is the most popular version of LTE that has been deployed in most of the world including the US. Softbank, howev...
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