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Wireless

Sprint, SoftBank complete merger

Thursday 11 July 2013 | 03:53 CET | News
Sprint and SoftBank have completed their merger. SoftBank invested around USD 21.6 billion in Sprint, consisting of USD 16.6 billion to be distributed to Sprint stockholders and USD 5 billion of new capital. Through the transaction, SoftBank acquired around 72 percent of Sprint shares and the remaining shares are being converted into shares of a new publicly traded entity named Sprint Corporation.

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