SoftBank’s Son doubling down on Sprint, will triple capex to $6B in ‘medium term’

Following his failure to ink a merger agreement between Sprint and T-Mobile, SoftBank’s chief executive Masayoshi Son appears to be doubling down on his investment into Sprint. Specifically, he said he will increase SoftBank’s stake in Sprint from 83% to up to 85%, and will roughly triple Sprint’s capex to $5-6 billion.

Written by Developer on November 6, 2017
Posted Under: Uncategorized