The cost of the operation is around 20 billion dollars – This is the largest foreign acquisition ever made by a Japanese company – The capital will be used by Sprint Nextel to invest in growth.
Softbank, a Japanese telecommunications company, has announced that it is on the verge of take over 70% of the capital of the US Sprint Nextel for a figure of around 20 billion dollars. It would be the largest overseas acquisition ever made by a Japanese company, through which Softbank will gain a stronger position in the US market.
For Sprint Nextel, a leading player in the wireless connection sector, an investment phase is looming after the arrival of Japanese capital.
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