Telecoms deal is Japan's biggest buy overseas
Nikhil Kumar is The Independent's New York correspondent. He was formerly assistant editor on the foreign desk and has also done a variety of jobs on the city desk, where he wrote about markets, commodities and other business and economics topics.
Tuesday 16 October 2012
The Japanese mobile phone operator Softbank agreed what is the biggest-ever overseas acquisition by a Japanese firm yesterday with a $20bn (£12.44bn) deal to buy a majority stake in Sprint Nextel.
The move, which sees Softbank pick up 70 per cent of Sprint, gives it new avenues for expansion beyond a saturated home market. Sprint, meanwhile, will gain firepower to prey on smaller peers and expand its fourth-generation mobile phone network across the US.
- 2 Gay couple beaten in park urge MPs to moderate language on gay marriage
- 3 After woman sells virginity for $780,000, here are the results of our prostitution survey
BMF is the UK’s biggest and best loved outdoor fitness classes
Win anything from gadgets to five-star holidays on our competitions and offers page.
iJobs Money & Business
£850 - £1000 per day: Orgtel: Programme Change Manager - Banking - London - £8...
£180 - £230 per day: Orgtel: Operations Analyst - Leading Bank in the City of ...
£500 per day: Orgtel: A top tier banking client urgently requires Finance Busi...
£425 - £550 per day: Orgtel: Senior Finance Project Manager - £550 - Bristol -...