Japan's Softbank Buying Sprint, Creating Third Largest Global Carrier

metallurge writes: "Japan's third-largest wireless carrier intends to acquire Sprint, the third-largest U.S. carrier for 20.1 Billion US dollars, creating the third-largest global carrier. After the transaction is completed, Softbank will own 70% of the newly-created 'New Sprint', which will maintain current Sprint CEO Dan Hesse in that role. How this will affect Deutsche Telekom/T-Mobile's attempt to merge with Sprint reseller MetroPCS is unclear."