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Sprint $8 Billion War Chest Threatens AT&T-Verizon Reign
Posted: 16-Oct-2012 [Source: Bloomberg]

[Softbank's $8 billion deposit into Sprint's account gives the company much needed firepower as it competes with AT&T and Verizon Wireless in the U.S. mobile phone market.]

By Scott Noritz and Olga Kharif (Bloomberg) -- "Softbank Corp. (9984)’s $20 billion deal with Sprint Nextel Corp. (S) gives Chief Executive Officer Dan Hesse the firepower to bring renewed competition to the U.S. mobile- phone industry, creating benefits for consumers and challenges for AT&T Inc. and Verizon Wireless."


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