Market Overview

Sprint, Softbank Extend Deadline for Filing Registration Statement on Form S-4

Sprint (NYSE: S) today announced that SOFTBANK CORP. and Sprint have extended the deadline for filing the Registration Statement on Form S-4 from Nov. 29, 2012 until Dec. 21, 2012. The proxy statement that will be included in the Registration Statement will only be sent to Sprint shareholders after the Securities and Exchange Commission (SEC) has declared the Registration Statement effective. The proxy statement will be sent to Sprint shareholders in connection with the special shareholders meeting to approve the Agreement and Plan of Merger, dated as of Oct. 15, 2012.

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