{"id":1754,"date":"2012-10-18T07:35:56","date_gmt":"2012-10-18T11:35:56","guid":{"rendered":"http:\/\/beta.sellcell.com\/blog\/?p=1754"},"modified":"2019-04-12T11:07:20","modified_gmt":"2019-04-12T11:07:20","slug":"japanese-firm-buy-majority-plus-share-sprint","status":"publish","type":"post","link":"https:\/\/www.sellcell.com\/blog\/japanese-firm-buy-majority-plus-share-sprint\/","title":{"rendered":"Japanese firm to buy a majority-plus share in Sprint"},"content":{"rendered":"<p><a href=\"https:\/\/www.sellcell.com\/blog\/wp-content\/uploads\/2012\/10\/800px-Flag_of_Japan.svg_.png\"><noscript><img decoding=\"async\" class=\"alignleft  wp-image-1755\" title=\"800px-Flag_of_Japan.svg\" src=\"https:\/\/www.sellcell.com\/blog\/wp-content\/uploads\/2012\/10\/800px-Flag_of_Japan.svg_.png\" alt width=\"180\" height=\"120\"><\/noscript><img decoding=\"async\" class=\"alignleft  wp-image-1755 lazyload\" title=\"800px-Flag_of_Japan.svg\" src=\"data:image\/svg+xml,%3Csvg%20xmlns%3D%22http%3A%2F%2Fwww.w3.org%2F2000%2Fsvg%22%20viewBox%3D%220%200%20180%20120%22%3E%3C%2Fsvg%3E\" alt width=\"180\" height=\"120\" data-src=\"https:\/\/www.sellcell.com\/blog\/wp-content\/uploads\/2012\/10\/800px-Flag_of_Japan.svg_.png\"><\/a>It might be nice for Americans if the cell phone service market remained relatively stable, but alas, such will probably never be the case.&nbsp; The latest example of a large change-up among major cell phone providers is this week&#8217;s announcement that a significant portion of Sprint is due to be sold to SoftBank, a Japanese carrier.&nbsp; SoftBank has announced that it will purchase not only a majority interest in Sprint, but will actually buy a whopping 70 percent of the company.&nbsp; The price of such an endeavor? More than $20 billion.&nbsp; When the deal has been carried through, it will mean that the nation&#8217;s third largest cell phone network is largely foreign-owned.<\/p>\n<p>According to reports, it will also mean that Sprint will have access to new capital that it can use to compete more effectively against its two major rivals: Verizon and AT&amp;T.&nbsp; Sprint reportedly plans to distribute about $12 billion to shareholders and use the balance to assist with improved operations, notably a major rollout for super-fast 4G services in the nation.<\/p>\n<p>The CEO of SoftBank commented on the deal, remarking: \u201cOur challenge in the US is not going to be easy at all.&nbsp; We must enter a new market, one with a different culture, and we must start again from zero after all we have built.&nbsp; The smartphone is becoming the core of mobile communication.&#8221;<\/p>\n<p>He also pointed out that service in Japan could be slower than is typical in the US market and that Americans on average pay more for their cell service each month.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>It might be nice for Americans if the cell phone service market remained relatively stable, but alas, such will probably<\/p>\n","protected":false},"author":12,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1821],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Japanese firm to buy a majority-plus share in Sprint<\/title>\n<meta name=\"description\" content=\"It might be nice for Americans if the cell phone service market remained relatively stable, but alas, such will probably never be the case.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.sellcell.com\/blog\/japanese-firm-buy-majority-plus-share-sprint\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Japanese firm to buy a majority-plus share in Sprint\" \/>\n<meta property=\"og:description\" content=\"It might be nice for Americans if the cell phone service market remained relatively stable, but alas, such will probably never be the case.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.sellcell.com\/blog\/japanese-firm-buy-majority-plus-share-sprint\/\" \/>\n<meta property=\"og:site_name\" content=\"SellCell.com Blog\" \/>\n<meta property=\"article:published_time\" content=\"2012-10-18T11:35:56+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-04-12T11:07:20+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.sellcell.com\/blog\/wp-content\/uploads\/2012\/10\/800px-Flag_of_Japan.svg_.png\" \/>\n<meta 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