US' 4th largest telco sells mobile ad unit to India's InMobi
SoftBank-owned Sprint Corporation, US' fourth largest telco by subscribers, sold its mobile data and advertising company Pinsight to Indian ad-tech firm InMobi in an all-stock deal. Pinsight uses data from wireless carriers to help companies better target ads on smartphones. Bengaluru-based InMobi, which is backed by SoftBank, provides mobile marketing and advertising platform for companies.