Softbank deal validates US rejection of T-Mobile-AT&T merger, Sprint CEO says

26.10.2012

The , which itself awaits regulatory approval, will give the Japanese telecommunications company a 70 percent stake in Sprint.

"I think it's a big win for all of us, and certainly a big win for the U.S. wireless industry," Hesse said.

He predicted "the new Sprint" will be a "much, much stronger competitor in the U.S. wireless industry."

The IDG News Service