Sprint Seeking Investment From Buffett and Malone Potentially Has Widespread Industry Implications
On July 14, several major news outlets reported that Sprint's Chairman Masayoshi Son approached Berkshire Hathaway’s Warren Buffett and Liberty Media's John Malone regarding a potential investment in Sprint. Details are vague and the discussions are said to be in the preliminary stage. This news potentially conflicts with a June 27 story stating that Sprint was in exclusive talks (said to extend for two months) with cable companies Charter Communications and Comcast Corporation about a potential...Sprint is a holding company. Through its subsidiaries, the company is a communications company providing wireless and wireline communications products and services to consumers, businesses, government subscribers, and resellers. The company has two segments: Wireless, which provides wireless services on a postpaid and prepaid payment basis to retail subscribers and also on a wholesale basis, including the sale of wireless services that utilize the company's network but are sold under the wholesaler's brand; and Wireline, which provides a suite of wireline communication services to other communications companies and targeted business customers, as well as voice, data and internet protocol communication services.
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