4 Major carriers

The news that Japan-based Softbank is about to take Sprint under its wing is just another example of globalization at work. If the $20.1 billion deal between the two companies is approved by regulators and shareholders, it’ll add to the growing list of American wireless carriers that are mostly owned by foreign companies. Here’s a quick look at who’s behind the top mobile network operators in the U.S.

Softbank Logo

Softbank has been eyeing the U.S. market for some time now, reports Reuters, and sources say the telecoms company is in talks with three banks in Japan to finance its acquisition bid. Sources close to the matter say Softbank plans to borrow 1.8 trillion yen (US$ 23 billion) in order to fund its acquisition.

Sprint 4G LTE

Today Sprint reaffirmed its commitment to expanding its 4G LTE network by announcing a major push to 22 new markets. Alongside the announcement of the 22 new cities getting its high-speed services, it also reiterated its promise to add LTE to more than a hundred new cities in the near future.