Softbank Corp, which has struck a deal to purchase third-ranked American mobile carrier Sprint Nextel Corp, is in the final stages of talks to sell about 67 percent stake in eAccess Ltd to Samsung Electronics Co and 10 others, the Nikkei reported. The Japanese mobile operator bought eAccess in a $1.84 billion deal in October as it stepped up battle with its nearest competitor KDDI Corp.Softbank turned the mobile communications service provider into a wholly owned subsidiary Jan. 1.Other likely buyers include Sweden's LM Ericsson, Finland's Nokia Siemens Networks, Orix Corp and five Japanese leasing companies, the business daily said.Cutting its eAccess stake will allow Softbank to work around the Communications Ministry's policy on spectrum allocation to telecom service providers, the Nikkei said.
ORIX CORPORATION is a financial company. The Corporate Financial Service segment is engaged in financing, leasing and financial instrument selling. Shares of IX fell by 2.02% or $-1.09/share to $52.90. In the past year, the shares have traded as low as $40.92 and as high as $58.67. On average, 11423 shares of IX exchange hands on a given day and today's volume is recorded at 11344.
Sprint Nextel Corporation (Sprint) is a holding company, with its operations primarily conducted by its subsidiaries. Shares of S fell by 0.34% or $-0.02/share to $5.92. In the past year, the shares have traded as low as $2.10 and as high as $6.04. On average, 56360400 shares of S exchange hands on a given day and today's volume is recorded at 48956424.
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