Japan's Softbank Corp is in final talks to sell its stake in eAccess Ltd, representing around 67 percent of voting rights, to Samsung Electronics Co and 10 others, a source with direct knowledge of the matter told Reuters.The sale would ease concerns that Softbank could hold a monopoly on spectrum allocation designated by Japan's Communications Ministry, the source said.Softbank, which is awaiting regulatory approval to purchase a 70 percent stake in No. 3 U.S. mobile carrier Sprint Nextel Corp , bought Japanese rival eAccess last October as it stepped up competition with its nearest competitor KDDI Corp.Softbank turned eAccess into a wholly owned subsidiary on Jan. 1 after a share exchange, using 220 billion yen ($2.47 billion) worth of its own shares.
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, 48987500 shares of S exchange hands on a given day and today's volume is recorded at 67415848.
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