Could Softbank Play Sprint’s Savior

In: Business and Management

Submitted By zhuhuanxi
Words 2160
Pages 9
Could Softbank play Sprint’s savior Recently, one big new shocks the U.S cellular telecommunications industry and some people even thinks that will cause a new worldwide tycoon in this industry. The new is that “Softbank Corp. has reached a deal to buy 70 percent of U.S. mobile carrier Sprint Nextel Corp. for $20.1 billion in the largest ever foreign acquisition by a Japanese company (Walker).” This is a mergence between the Japanese third biggest mobile carriers and U.S third biggest mobile carriers. Some investors believe this action will disrupt U.S Market and make Sprint competitive with two traditional communications giants AT&T Inc and Verizon Wireless. As we all know, Sprint is suffering a hard time now with huge debts. One article points out that Sprint has struggled in recent years to compete with Verizon and AT&T. The company has $21 billion in long-term debt, and has launched a costly network restructuring and signed a long-term contract to buy $15.5 billion worth of iPhones from Apple Inc. over four years (Walker). On the other side, Softbank are also not financially healthy. Softbank spends $20 billion buying Vodafon Japan subsidiary on 2006 and takes 5 years to pay off the debt. Besides, Softbank just announces a 2.2 billion emerge plan with eAccess this month. So Softbank’s statement of assets and liabilities may disappoint investor for a long time. So most people may question that whether Softbank can save Sprint and stop Sprint’s declining tendency. Like when Softbank bought Vodafon in 2006, many economics thinks this deal is way too expensive and not worthy. In my idea, I think this deal may benefits both Softbank and Sprint. And Softbank has the ability to rebuild Sprint. First, the president of Softbank, Masayoshi Son, is a person with sharp and sensitive sight and strong business acumen. He is good at developing other’s…...

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