Report: Japan's Softbank negotiating to buy U.S. operator Sprint

Japanese newspaper Nikkei said the deal could be worth over US$30 billion

Japan's Softbank, the country's third-largest carrier, is in negotiations to acquire U.S. mobile operator Sprint in a deal worth over US$30 billion, the Japanese business newspaper Nikkei reported Thursday.

The deal, in which Softbank would aim to buy all of the outstanding shares in Sprint, the third-largest carrier in the U.S., could be the largest purchase of a foreign company by a Japanese firm, the Nikkei said. Kyodo News Agency also reported Softbank was considering the deal, with neither news organization saying where the information came from.

A Softbank spokesman reached late Thursday night in Tokyo said he was looking into the report and had no immediate comment.

Softbank is known to aggressively expand into new markets, and has large investments in Japan and Asia. The company said earlier this month it will purchase domestic rival eAccess in a US$2 billion deal to help expand its mobile network.

The U.S. mobile industry is undergoing a wave of consolidation. Earlier this month, Deutsche Telekom's T-Mobile USA and MetroPCS Communications said they signed an agreement to merge in a deal that will see MetroPCS shareholders receive US$1.5 billion in cash and 26 percent of the new company. T-Mobile is the fourth-largest U.S. mobile operator.

Sprint's chief financial officer said the company supported tie-ups in the mobile industry when asked about the MetroPCS deal Wednesday morning at a conference in Arizona.

"We aren't going to comment on the whole M&A thing," said CFO Joe Euteneuer, in response to a question. "We believe in consolidation in the industry, I don't think that has changed."

Join the PC World newsletter!

Error: Please check your email address.

Our Back to Business guide highlights the best products for you to boost your productivity at home, on the road, at the office, or in the classroom.

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Jay Alabaster

IDG News Service
Show Comments

Most Popular Reviews

Latest News Articles

Resources

PCW Evaluation Team

Azadeh Williams

HP OfficeJet Pro 8730

A smarter way to print for busy small business owners, combining speedy printing with scanning and copying, making it easier to produce high quality documents and images at a touch of a button.

Andrew Grant

HP OfficeJet Pro 8730

I've had a multifunction printer in the office going on 10 years now. It was a neat bit of kit back in the day -- print, copy, scan, fax -- when printing over WiFi felt a bit like magic. It’s seen better days though and an upgrade’s well overdue. This HP OfficeJet Pro 8730 looks like it ticks all the same boxes: print, copy, scan, and fax. (Really? Does anyone fax anything any more? I guess it's good to know the facility’s there, just in case.) Printing over WiFi is more-or- less standard these days.

Ed Dawson

HP OfficeJet Pro 8730

As a freelance writer who is always on the go, I like my technology to be both efficient and effective so I can do my job well. The HP OfficeJet Pro 8730 Inkjet Printer ticks all the boxes in terms of form factor, performance and user interface.

Michael Hargreaves

Windows 10 for Business / Dell XPS 13

I’d happily recommend this touchscreen laptop and Windows 10 as a great way to get serious work done at a desk or on the road.

Aysha Strobbe

Windows 10 / HP Spectre x360

Ultimately, I think the Windows 10 environment is excellent for me as it caters for so many different uses. The inclusion of the Xbox app is also great for when you need some downtime too!

Mark Escubio

Windows 10 / Lenovo Yoga 910

For me, the Xbox Play Anywhere is a great new feature as it allows you to play your current Xbox games with higher resolutions and better graphics without forking out extra cash for another copy. Although available titles are still scarce, but I’m sure it will grow in time.

Featured Content

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?