When Sprint Corp. CEO Dan Hesse took the helm of an ailing telecommunications corporation seven years ago, he had his work cut out for him.
In the past year, things have moved very quickly for the company, with a majority buyout by Japan-based SoftBank Corp., layoffs and recent rumors of a merger deal with T-Mobile.
On Tuesday's Up to Date, Steve Kraske sat down with Hesse to discuss the whirlwind of activity surrounding Sprint, and what it all means for consumers.
What does $20.1 billion get you? Well, if you're Japan's SoftBank Corp., it gets you 70% of the third-largest wireless carrier in the United States.
Overland Park-based Sprint Nextel has confirmed that Softbank Corp., which owns a large mobile carrier in Japan, is in talks to purchase a commanding stake in Sprint.