Now that Sprint's would-be merger with T-Mobile has been called off, how is it going to fend for itself? By getting a little help from its parent company. SoftBank has revealed plans to increase ts stake in Sprint, whether through stock deals or other means. It's not saying when it will up the stake or by how much, but it doesn't expect to boost its stock share to 85 percent or more. The Japanese tech company isn't shy about why it's making the move, at least: it's about giving Sprint a long-term future.
Source: BusinessWire
Sprint's owner increases its stake after failed T-Mobile merger posted first on http://ift.tt/1tUdcCk
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