, Sprint Confirms Negotiations with SoftBank of Japan
After struggling with deep losses and a debt load for half of a decade Sprint Nextel Corp. has found its lifeline. The company has announced that it is in negotiations with SoftBank Corp., the Japanese cellphone company. The Japanese company also confirmed that it considered making a substantial investment in the No. 3 US carrier. The possible takeover could turn around Sprint Nextel Corp. as the company has also been affected by the latest wireless consolidation.
