Sprint’s principal owner and chairman, Masayoshi Son, has bought a house in Mission Hills near the home of chief executive Marcelo Claure, who hailed the purchase as a show of confidence.
“That’s a commitment to Sprint, that we’re going to do this together in the next few years to turn around Sprint,” Claure said Tuesday. “Nobody would buy a house if they were intending to sell Sprint or if they didn’t have an intention to stick around.”
At one point, Son had considered a sale of Sprint after it became clear U.S. regulators were not going to approve his plan to buy T-Mobile and merge the wireless carriers. He has since said he would not sell Sprint.
Son has been spending more time at Sprint’s headquarters in Overland Park. He has had to commute from his home in Japan, where he is chief executive of SoftBank Corp., a conglomerate that owns more than 80 percent of Sprint’s stock.
Meetings between SoftBank and Sprint teams had previously been in California, where SoftBank had set up offices. Those moved to Overland Park.