Japan’s Softbank has decided to enter America mobile phone business. Softbank is one of the famous investor and venture capital for many Silicon Valley companies during the beginning of Internet era in the second part of the 1990s, including Yahoo search engine. This week Japanese billionaire Masayoshi Son and also owner of Softbank is interesting as being a mobile operator in America.
Softbank is in the final stage to buy a 70% stake in Sprint Nextel Corporation for an asking price of $20 billion, as reported by bloomberg.com. Wall Street seems to cheering up for Sprint, as the number three wireless provider market value has doubled since June 2012.
In America, Sprint started to selling iPhone 4S since early 2012. Since iPhone was introduced to the world in 2007, the smartphone handset was exclusively sold by AT&T. As AT&T’s exclusive contract with Apple was about expired, the world most valuable company signed new contracts with other mobile providers. So, iPhone was later sold by Verizon. In Japan, Softbank was the first mobile operator to offer iPhone.
(Image: Sprint logo)