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Wireless

Softbank to invest in Sprint, open joint R&D centre in US

Monday 8 July 2013 | 12:53 CET | News
Japanese communications provider SoftBank is planning to invest USD 16 billion in US operator Sprint Nextel over the next two years, SoftBank president Masayoshi Son told The Nikkei. Under Softbank, the pace of investment at Sprint will more than double. Most of the roughly JPY 1.6 trillion in spending will go toward base stations for Sprint's LTE network. The plan calls for USD 8 billion of capital spending this year and the same amount in 2014. After that, the pace is to slow to USD 6 billion. The two carriers will open a joint R&D centre in California as early as this year. With an initial

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Categories: Mobile & Wireless
Companies: Softbank / Sprint Nextel
Countries: Japan / United States
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