Sprint
Japanese operator Softbank announced that it has acquired a 70 percent stake in US operator Sprint, financing the deal with $8 billion ($5.25 per share) in new capital and $12.1 billion ($7.30 per share) in existing shares. The Japanese company notes that it has not used equity financing to fund the deal, instead utilising cash-on-hand and debt. That means there will be no change in the company’s dividend policy. Softbank says that it will allow the company to “establish an operating base as one of the largest mobile Internet companies in the world.” Read the full story at The Next Web.
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