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Communications Services M&A image Communications Services M&A » By The Online Investor Staff, updated Sat., Feb. 27, 1:15 AM Recent mergers and acquisitions in the Communications Services M&A category.

Slide #74. Sprint SoftBank

Acquirer: Sprint (NYSE:S)
Acquiree: SoftBank
Details: 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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Company Name: 
Sprint Corp (New)
Website: 
www.sprint.com
Sector: 
Communications Services
 

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Hold (2.33 out of 4)
100th percentile
(ranked higher than approx. 100% of all stocks covered)
Based on Zacks ABR data;
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