// IP Marketing video - START// IP Marketing video - END

Japan's Softbank to buy 70% stake in U.S. mobile carrier Sprint

Japan's Softbank to buy 70% stake in U.S. mobile carrier Sprint

PanARMENIAN.Net - Japan's Softbank Corp. said Monday, Oct 15 it will buy a 70% stake in U.S. mobile carrier Sprint Nextel Corp. for about $20 billion in the biggest-ever overseas acquisition by a Japanese firm, MarketWatch reports.

The deal is designed to carve a potentially lucrative opening in the U.S. for Softbank, Japan's third-largest mobile carrier. At the same time, it will provide the third-largest U.S. wireless operator an immediate infusion of cash, helping it compete better with bigger rivals in one of the world's biggest and most lucrative markets for smartphones.

In a statement, Softbank, which also has a range of Internet operations, said it would acquire a majority stake in the U.S. carrier by buying $8 billion of shares directly from Sprint and then buying another $12.1 billion of shares in the market.

The deal would transform Softbank, a comparative newcomer in the telecommunications industry, into one of the world's largest telecoms groups with about 90 million subscribers once combined with Sprint.

 Top stories
He said that his government would also focus on fighting corruption and "eliminating all barriers that impede business from developing".
“We have a simple problem:we prepare 400-500 specialists each year, while there is demand for 2000 professionals," he said.
At Shirak airport in the northern Armenian town of Gyumri, traffic soared by 150% in the reporting period against 2016.
“The investments will be spent to build a canning factory and slaughterhouses, expand greenhouse farms,” Ignati Arakelyan said.
Partner news