Softbank To Buy Majority Of Sprint Nextel
By Steve Inskeep • Oct 15, 2012
Originally published on October 15, 2012 6:59 am
Japanese mobile phone company Softbank has announced it has agreed to buy 70 percent of Sprint Nextel for $20 billion. The deal would make Sprint Nextel a tougher competitor against its bigger rivals, Verizon Wireless and AT&T.