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BRIEF-Sprint confirms discussions with Softbank

Oct 11 (Reuters) - Sprint Nextel Corp :

* Confirms discussions with Softbank on a possible transaction

* Currently engaged in discussions with Softbank

* Says engaged in discussions with Softbank regarding a potential substantial

investment by Softbank in Sprint

* Source text: Sprint (NYSE: S) today confirmed that it is currently engaged in discussions with Softbank regarding a potential substantial investment by Softbank in Sprint. Although there can be no assurances that these discussions will result in any transaction or on what terms any transaction may occur, such a transaction could involve a change of control of Sprint. Sprint does not intend to comment further unless and until an agreement is reached.

* Further company coverage

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