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And no, Sprint won't be going away as a result of this deal. As previously mentioned, Sprint will continue to operate under its current management team. Down the line, Sprint customers may actually start to see some perks from the deal. What kind of perks?SoftBank's Son has been critical of wireless speeds in the U.S., and could call for a jump start in Sprint's network deployment. That could only be good news for Sprint customers, who have seen customers at rivals Verizon and AT&T get more comprehensive 4G LTE service in the bigger cities.

Sprint only has 4G LTE in 24 markets, many of them smaller ones, The carrier hasn't gotten to big cities such as New York and San Francisco, only committing to rolling out service in the coming months, That's a paltry build out relative to Verizon, which will exceed 400 markets this week, That means most Sprint customers with newer 4G smartphones such as the iPhone 5 or Galaxy S III still run on its slower simply pretty blue iphone case 3G network, since the carrier has largely abandoned WiMax as a 4G standard for its newer devices..

What happens to my unlimited plan?Sprint's unlimited data plan appears to be safe. The network improvements and cash should help to alleviate any potential bandwidth or financial pressure, allowing the company to maintain the option. Competitively, it would be suicide not to keep it going. T-Mobile and MetroPCS both now offer a no-strings unlimited data option as well, so Sprint isn't even all that unique in that respect anymore. But no other carrier offers the combination of the iPhone and the unlimited plan, since neither T-Mobile nor MetroPCS sell Apple's device. AT&T and Verizon Wireless all cap their data plans for new customers, while other regional and prepaid carriers either limit or throttle the service by slowing a customer's connection is severely slowed if a certain data limit is reached.

Unlimited simply pretty blue iphone case has been a key differentiator for Sprint against its larger rivals, so if anything SoftBank will try to push that feature even harder, How does Clearwire figure into the mix?Clearwire's name got bandied about a lot in the last few days because of the complicated relationship Sprint has with the upstart 4G service provider, (Clearwire provides wireless service to other carriers and direct to consumers in some locations.) Sprint is Clearwire's largest shareholder and customer, but doesn't control the company..

A few reports suggested that Sprint had to buy Clearwire before SoftBank would strike a deal, but that wasn't the case. Sprint and SoftBank explicitly called out Clearwire in their announcement, saying Sprint wouldn't have to take any action beyond its current deal with Clearwire. Son, however, hinted that he would like to do more with Clearwire down the line. SoftBank is likely interested in Clearwire because they are both investing in the same flavor of LTE, known as TD-LTE, which is different than what Sprint, AT&T, or Verizon are using for their networks. Having Sprint and Clearwire under one business would certainly simplify things and give SoftBank control of a lot more spectrum in the U.S.