Search

Sprint Nextel, SoftBank complete merger

Sprint Nextel and SoftBank have completed their merger.

As per the merger deal, SoftBank has invested approximately $21.6 billion in Sprint.

Out of the total investment, approximately $16.6 billion will be distributed to Sprint stockholders and $5 billion will be used to strengthen Sprint’s balance sheet.

SoftBank will have approximately 78 percent stake in Sprint.

Dan Hesse will be the CEO, while Masayoshi Son, chairman and CEO of SoftBank, will be the chairman of Sprint.

editor@telecomlead.com

Previous article
GIONEE prices ELIFE E6 smartphone at Rs 26,000 in India
Next article
Can Indian STBs make a mark in global CAS?

Latest

More like this
Related

Telia accelerates renewable energy drive with solar-powered mobile network

Editor Editor -
Telia is strengthening its commitment to sustainability by embedding...

Pilar Lopez to join Vodafone as Chief Financial Officer from 2025 December

Editor Editor -
Vodafone Group has announced the appointment of Pilar Lopez...

Optus faces $100 mn penalty for unconscionable sales to vulnerable consumers

Editor Editor -
Optus Mobile, Australia’s second-largest telecommunications provider, has admitted to...

Who’s Stijn Bijnens, the new CEO of Proximus Group?

Editor Editor -
Proximus Group has named Stijn Bijnens as its new...

About us

News website for 4G, 5G, Statistics, Telecom Services, Internet, Broadband, Broadcast, Network, Chips, and Smartphones.

Company

The latest

India’s broadband market: Growth forecast, consumer spending, and operator strategies

Broadband 0
India’s fixed broadband market is poised for steady growth,...

Top 10 most streamed TV shows and movies in the U.S. – H1 2025

Broadcasting 0
JustWatch has released its list of the top 10...

Telecom news: T-Mobile Poland, Rogers network outage, MTS in Kazakhstan

news 0
Today’s telecom news includes announcements on Chinese cyberattacks in...

© 2025 Kizhakedath Media Services. All rights reserved.