Japan’s Nikkei business daily is reporting that the country’s third-place wireless carrier, SoftBank, has entered discussions to acquire more than two thirds of Sprint Nextel stock. The price is said to be over ¥1.5 trillion, or about $19.2 billion. SoftBank has been on a string of acquisitions of late, picking up PHS operator Willcom in January of this year, and fourth-place Japanese carrier E-Mobile less than two weeks ago. Nikkei reports that SoftBank hopes to use the acquisition to expand its global business presence, and to use economies of scale to lower the price it pays for devices and networking equipment.

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Japanese carrier SoftBank in talks to acquire Sprint, reports Nikkei

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