Softbank Eyeing 70% Stake in Sprint; Clearwire Uncertain
Oct 11, 2012, 2:44 PM by Eric M. Zeman
updated Oct 11, 2012, 4:39 PM
The latest information from sources familiar with the discussions between Softbank and Sprint say the Japanese network operator will not acquire Sprint outright. Instead, Softbank will acquire about 70% of Sprint through a cash infusion and stock, reports The Wall Street Journal. The Journal's sources pointed out that Clearwire's role is an important one in finalizing the deal between Sprint anf Softbank. Clearwire owns a large swath of wireless spectrum and is deploying a TDD-LTE 4G network similar to the one Softbank is deploying in Japan. Softbanks wants Clearwire, but Sprint only owns about 54% of Clearwire. Sprint may purchase the remaining shares of Clearwire that it doesn't already own in order to help facilitate the Softbank deal. The Journal's sources said the negotiations are on-going, and may fall apart at any time.
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Comments
Softbank Won't Put Up With Clear...
Clear is the primary reason why Sprint has had to seek alternative sources of capital and voo doo economics.
(continues)
Sounds complicated.
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