Softbank: Sprint's Asian Savior?
Has Sprint Nextel Corp. (NYSE: S) finally found its Asian savior in SoftBank Corp. ?
The Overland Park, Kan.-based operator confirmed Thursday morning that it is "engaged in discussions with Softbank regarding a potential substantial investment by Softbank in Sprint." The CDMA provider isn't adding too many details about the talks but does say that "such a transaction could involve a change of control of Sprint."
The Japanese operator could reportedly buy Sprint for US$12.8 billion. The extra cash would give Sprint more money for its "Network Vision" 4G rollout, and the deal could create easier roaming for Softbank in the U.S.
This is not the first time that Sprint has been linked to a major Asian carrier as a possible suitor. In 2008 and 2011, rumors swirled that South Korean CDMA giant SK Telecom (Nasdaq: SKM) would try to buy Sprint.
China Mobile Ltd. (NYSE: CHL) also has ties to erstwhile Sprint 4G partner Clearwire LLC (Nasdaq:CLWR). China Mobile has a Long Term Evolution Time Division Duplex (LTE TDD) device development and roaming deal with Clearwire. (See Long Term Evolution Time Division Duplex (LTE TDD).)
It is not clear if a Softbank-Sprint deal would involve Clearwire. Sprint is the largest single shareholder in Clearwire.
The above information is edited by 10GTEK.
10GTEK TRANSCEIVERS CO., LTD (Hereinafter refered to as 10GTEK) is specialized in developing and manufacturing Fiber Optical Transceivers and High Performance Cables which are wildly applied in Datacom, Telecom and CATV, providing customers with top quality and cost effective products. Our High Speed Cables cover Passive SFP+ Cable, Active SFP+ Cable, QSFP+ cables, MiniSAS (SFF-8088) Cables, CX4 Cables, Harness cables, Breakout Cables, Patchcords. We also manufacture Fiber Optic Transceivers like 10G XFP, 10G SFP+, SFP DWDM/ CWDM, GBIC, etc. The prompt response and excellent customer support contribute to clients‘ full satisfaction.Today, 10GTEK has been growing fast in the optical field for its unique and competitve excellence which has got a high attention from datacom and telecom.
This article reader also like: Juniper Primes Its Edge Router Lineup