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Tue, Oct 16, 2012 - Page 14　News List

Softbank set to buy up to 70% of Sprint for US$20bn

SOFTBANK, HARD CASH:The Sprint deal takes outbound deals by Japanese firms to a record US$75 billion this year, underscoring a strong appetite for overseas assets

Reuters, TOKYO

This is not the first Japanese foray into telecoms overseas. NTT Docomo racked up big losses after a string of failed investments in names like AT&T Wireless and Taiwan mobile operator KG Telecom in the late 1990s and early 2000s.

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