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Sprint confirms investment talks with Softbank

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Oct 11 (Reuters) - Sprint Nextel Corp confirmed thatit is engaged in talks with Japan's Softbank Corp abouta potential "substantial investment" in Sprint.

This transaction could involve a change of control ofSprint, the company said in a statement.

The company does not intend to comment on the matter furtherunless and until an agreement is reached, it said.

(Reporting by Sayantani Ghosh in Bangalore)

(sayantani.ghosh@thomsonreuters.com; within U.S. +1 646 2238780, outside U.S. +91 80 4135 5800; Reuters Messaging:sayantani.ghosh.reuters.com@reuters.net)

Keywords: SPRINT OFFER/