Deals
Sprint’s Deal With Softbank Seen Roiling U.S. Wireless Industry
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Sprint Nextel Corp. Chief Executive Officer Dan Hesse’s talks to align with Softbank Corp. have the potential to reshape the U.S. wireless landscape, creating a more viable competitor to Verizon Wireless and AT&T Inc. and sparking a new round of consolidation.
Sprint’s discussions involve Softbank, Japan’s third-largest wireless carrier, taking a stake of as much as 75 percent and providing capital for investments, according to two people familiar with the matter. The Nikkei newspaper said Softbank may pay 1.5 trillion yen ($19 billion), without saying where it got the information.