Sprint confirms investment talks with Softbank

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

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

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

(Reporting by Sayantani Ghosh in Bangalore)

(sayantani.ghosh@thomsonreuters.com; within U.S. +1 646 223 8780, outside U.S. +91 80 4135 5800; Reuters Messaging: sayantani.ghosh.reuters.com@reuters.net)