Well it looks like news is spreading that Sprint is planning to sell out to Japanese mobile company SoftBank for $12 Billion+. Who is to say what will become of this transaction if it actually goes through with Sprint’s unfinished LTE network and heartbreakingly slow 3G network, will SoftBank benefit from these flaws or will they loose $12 Billion+ in the end. SoftBank would gain roughly 70% of Sprint with the other part being sold publicly.
SoftBank might be trying to enter the US market but why? Especially when you see Deutsche Telekom AG desperately trying to get out by frist attempting a AT&TMobile merger and now merging T-Mobile with MetroPCS. There is a lot of talk about this and a lot of speculation. So what each company will gain from this remains to be seen. Wall Street speculates that Sprint is looking to cut debt and SoftBank is looking to use Clearwire’s plans to start a next-generation network using TDD LTE in which SoftBank itself is planning a similar network.
I personally welcome the idea of being associated with a Japanese network. It might open up the doors to travel in Japan without getting a new cellphone and plan. Free international calls from Japant to the US? I’m down.
(Source: The Wall Street Journal)