Sprint confirms it is in talks with Japanese carrier Softbank

Sprint officially commented on the rumor that it was in acquisition talks with Japanese carrier Softbank and confirmed the report was true.

Sprint (NYSE: S) today confirmed that it is currently engaged in discussions with Softbank regarding a potential substantial investment by Softbank in Sprint. Although there can be no assurances that these discussions will result in any transaction or on what terms any transaction may occur, such a transaction could involve a change of control of Sprint. Sprint does not intend to comment further unless and until an agreement is reached.

We will have to wait and see what happens in the next few weeks to see if Sprint stays as an independent carrier or falls under the control of Softbank.

[Via Sprint and TechCrunch]

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