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Softbank to announce Sprint Nextel deal at 0800 GMT -source
TOKYO |
TOKYO Oct 15 (Reuters) - Japan's Softbank Corp plans to announce a deal to acquire control of U.S. carrier Sprint Nextel Corp at a news conference at 0800 GMT, a source said on Monday.
Softbank's takeover of Sprint in an expected $20 billion deal would be Japan's biggest overseas buy, and would also give the U.S. firm ammunition to potentially acquire peers and build out its 4G network to compete better in a wireless market dominated by AT&T and Verizon.
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