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Media Center

The beginning of the end of the independent Sprint

  • TC2 Blog
  • 10/11/2012
  • David Rhode

Sprint this morning has confirmed that it’s considering a sale of the company. That may not be quite the way it put it. Sprint says that Japanese giant SoftBank – a major mobile provider among many other businesses – is considering a “potential substantial investment” in Sprint. But at a reported 75% stake, according to the New York Times and the Wall Street Journal, the deal would represent a change of control and the end of an independent No. 3 U.S. carrier.

What is in effect a sale of Sprint, whether to SoftBank or some other player, has been a long time coming.