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Thread: Japan's SoftBank in talks for $12.8 billion Sprint stake

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    Japan's SoftBank in talks for $12.8 billion Sprint stake

    [h=Japan's Softbank in talks for $12.8 billion Sprint stake]1[/h]
    http://www.reuters.com/article/2012/...89A0I520121011

    (Reuters) - Softbank Corp (9984.T), Japan's third-largest mobile carrier, is in talks to buy a majority stake in U.S. telecoms company Sprint Nextel Corp (S.N) in a deal worth more than 1 trillion yen ($12.8 billion), a source with direct knowledge of the matter told Reuters on Thursday.
    Don't know if you guy's saw this coming, but I sure didn't!

    Japanese media said a Sprint deal would make it cheaper for Softbank to procure smartphones and other mobile devices.

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    I did not. I knew that Sprint was very cheap relative to its sales, so definitely vulnerable. They will be profitable within the next year and then I expected their stock to take off.

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    This better than pursuing The disaster thats is tmobile or Metro pcs..

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    Clearwire too it seems: http://finance.yahoo.com/news/softba...122013793.html

    It would make a certain amount of sense. Softbank also operates a speedy TD-LTE network on 2.5GHz spectrum in Japan.
    Thrill me...

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    Quote Originally Posted by Evan702 View Post
    Clearwire too it seems: http://finance.yahoo.com/news/softba...122013793.html

    It would make a certain amount of sense. Softbank also operates a speedy TD-LTE network on 2.5GHz spectrum in Japan.
    Man knowbody saw this coming.. Sprint stock skyrocketed!

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    Plus 16% in pre-market trading.

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    The rumored price seems very low. The failed T-Mobile/AT&T deal valued T-Mobile at what, 30+ billion? Sprint is in a stronger position then T-Mobile was then.

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    Quote Originally Posted by Protagonist View Post
    The rumored price seems very low. The failed T-Mobile/AT&T deal valued T-Mobile at what, 30+ billion? Sprint is in a stronger position then T-Mobile was then.
    They are not buying them out. They are making an equity investment. Part of AT&T's bid was absorbing $21B in debt.

    Sprint's stock is very undervalued.

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    Quote Originally Posted by Protagonist View Post
    The rumored price seems very low. The failed T-Mobile/AT&T deal valued T-Mobile at what, 30+ billion? Sprint is in a stronger position then T-Mobile was then.
    They're buying 2/3 of the Company, so at 12.8 billion that values Sprint at about $19.Billion. Sprints market cap is 15 billion..

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    Quote Originally Posted by YOUNG HOV 718 View Post
    They're buying 2/3 of the Company, so at 12.8 billion that values Sprint at about $19.Billion. Sprints market cap is 15 billion..
    They are getting a bargain. A year from now Sprint's stock would have probably doubled.

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    Quote Originally Posted by bigsnake49 View Post
    They are getting a bargain. A year from now Sprint's stock would have probably doubled.
    Yup your right about that.. But this info could be way off lets wait and see if this falls thru first..

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    Anybody check the point about devices? I presume Softbank on sprint.

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    Wirelessly posted (i0wnj00: Mozilla/5.0 (compatible; MSIE 9.0; Windows Phone OS 7.5; Trident/5.0; IEMobile/9.0; NOKIA; Lumia 710))

    I see the Sprint and Softbank tie up as similar to the AT&T Wireless and NTT DoComo from 8 years ago. At most it will help Sprint will funding and expertise for an LTE buildout both on the front end and background.

    I will not be surprised if the Japanese bailout after a few years.

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    And i just left Sprint a week ago for Tmobile. Hopefully this creates more competition in the US market for better devices and plan pricing.

    Sent from my SGH-T999 using Tapatalk 2

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    Remember NTT DoCoMo and SoftBank are very different companies. NTT DoCoMo is, like AT&T, a premium first tier network. Excellent coverage and network performance. They were also roaming compatible. It was a national telecom giant investing in another national telecom giant. But it didn't work out, obviously.

    SoftBank is like Sprint. Total and utter crap. The two aren't even compatible for roaming. This thing makes no sense at all. Which is why it won't fall apart like AT&T/NTT did. That fell apart because intelligent CEO's running quality companies realized it wasn't working as well as they hope.

    The wild goose chasing companies with terrible networks that are SoftBank and Sprint will stick it out. Just like Sprint Nextel and Sprint ClearWire.

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