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New Sprint CEO Brings Game and Spirit to Wireless Firm

New Sprint CEO Marcel Claure could have the drive—and the connections—to help Sprint stay in the wireless game, according to one industry observer.

Sprint Chairman Masayoshi Son on Wednesday named the the Bolivian-born billionaire to head the third-largest wireless company in the U.S. Claure, 43, is a known quantity to Son, who is also CEO and chairman of Softbank, which owns Sprint.

Softbank had already invested in the Miami-based Latin American wireless distribution firm Brightstar, which Claure founded in 1997 and grew to $10.5 billion in revenue last year, doing business in more than 125 countries. Softbank will now purchase Claure’s Brightstar shares, growing its majority stake to 90.8%.

Read more: USA Today

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