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Slide #74. Sprint — SoftBank
Sprint Nextel Corporation (NYSE:S) ("Sprint") and SoftBank Corp. (TSE: 9984) ("SoftBank") today announced the completion of their merger whereby SoftBank has invested approximately $21.6 billion in Sprint, consisting of approximately $16.6 billion to be distributed to Sprint stockholders and an aggregate $5 billion of new capital ($1.9 billion at closing) to strengthen Sprint's balance sheet. Sprint stockholders voted to approve the transaction at a special meeting of stockholders held on June 25, 2013.
Sprint is a holding company. Through its subsidiaries, Co. is a communications company providing wireless and wireline communications products and services to consumers, businesses, government subscribers, and resellers. Co. has two segments: Wireless, which provides wireless services on a postpaid and prepaid payment basis to retail subscribers and also on a wholesale basis, including the sale of wireless services that utilize Co.'s network but are sold under the wholesaler's brand; and Wireline, which provides a suite of wireline communication services to other communications companies and targeted business customers, as well as voice, data and internet protocol communication services.
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