Our track record of innovation, combined with Sprint's strong brand and local leadership, provides a constructive beginning toward creating a more competitive American wireless market.

ENGADGET: Softbank confirms 70 percent Sprint acquisition for $20.1 billion

"Our track record of innovation, combined with Sprint's strong brand and local leadership, provides a constructive beginning toward creating a more competitive American mobile market, " said Softbank's chairman and chief executive Masayoshi Son.

BBC: Softbank to take control of Sprint Nextel for $20bn