In a matter of months, the third largest wireless carrier in the United States could go from Sprint Nextel Corp., the hometown giant to Sprint, the subsidiary. The Japanese company, SoftBank, plans to close the gap between the worlds most powerful telecommunication companies with a deal valued at $20.1 billion.
The deal involves the sale of 70% of Sprint's stock to SoftBank, as well as SoftBank contributing a capital investment of $8 billion cash. With this money Sprint will now have the cash to jump on opportunities and make internal and external investments to grow.
Softbank still plans to keep Sprint's headquarters, currently located in Overland Park, put. Buy-Out