4:52am

Mon October 15, 2012
Business

Softbank To Buy Majority Of Sprint Nextel

Originally published on Mon October 15, 2012 7:59 am

Japanese mobile phone company Softbank has announced it has agreed to buy 70 percent of Sprint Nextel for $20 billion. The deal would make Sprint Nextel a tougher competitor against its bigger rivals, Verizon Wireless and AT&T.