Post Tagged with: "Clearwire"

Sprint May Revive Nextel Brand for Business Customers

Sprint could be bringing Nextel back, but it won’t be the same network that was shut down last year. The carrier apparently intends to use the Nextel brand name to attract business customers, according to a report from TechCrunch. However, it’s only the name that might return; the iDEN network that was a drain on [...]

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Sprint to Sit Out Upcoming Spectrum Auction

Though it often seems as if the large U.S. carriers can’t get enough spectrum, Sprint announced that it won’t be taking part in an upcoming government auction. The spectrum auction is set for January and offers a part of the spectrum known as the H-block. Since the H-block is adjacent to Sprint’s other spectrum holdings, [...]

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Sprint Sees Profit in Q3, but Customer Churn Continues

Sprint’s first quarterly report since it was acquired by SoftBank has the carrier showing a profit. For the third quarter, Sprint reported a net profit of $383 million, which is a significant reversal from the $767 million loss posted a year earlier. However, the carrier is not completely out of trouble as the quarter’s numbers [...]

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Sprint Cuts 800 Customer Service Positions

Sprint is cutting around 800 customer service jobs and doing its best to spin the announcement as a positive. The explanation given by the third-largest carrier in the U.S. for the cuts is that customer complaints have declined and satisfaction has increased, which means fewer positions are required. So the layoffs are apparently a sign [...]

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Sprint Second Quarter Suffers from Nextel Shutdown

Sprint has posted its results for the second quarter, marking the end of its Nextel network and the beginning of the SoftBank era. The carrier saw a $1.6 billion net loss, part of which was due to the shutdown of Nextel, which cost it $430 million in depreciation and $623 million in noncash charges. A [...]

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Sprint Guarantees Unlimited Plans, Drops Price

Sprint customers concerned that the recently completed acquisition by SoftBank will shake things up have nothing to worry about, at least when it comes to their unlimited wireless plans. Despite rumors that Sprint was going to discontinue unlimited plans, the carrier is not only going to keep offering them, but it’s dropping the price too. [...]

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At Long Last, SoftBank Takes Control of Sprint

Finally, it’s all over. Sprint Nextel completed its purchase of Clearwire earlier this week and now SoftBank has closed its deal to take control of Sprint, bringing the long-running saga to a close. SoftBank paid $21.6 billion for a 78% stake in Sprint, leaving 22% to Sprint shareholders. $16.6 billion of the purchase price will [...]

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FCC, Shareholders Give Go-Ahead for SoftBank, Sprint, and Clearwire Acquisitions

It was rumored that the Federal Communications Commission was leaning toward approving the SoftBank, Sprint, and Clearwire transactions and now it’s official. The FCC has approved SoftBank’s $21.6 billion purchase of 78% of Sprint, as well as Sprint’s acquisition of the shares of Clearwire it doesn’t already own for around $7 billion. This approval means [...]

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SoftBank Reportedly Wins Majority Approval from FCC for Sprint Bid

SoftBank’s bid for wireless carrier Sprint has reportedly won the support of two of three members of the Federal Communications Commission, according to sources close to the matter. The FCC is the last regulatory agency needed to approve the acquisition and its decision will allow the completion of the $21.6 billion deal. That approval also [...]

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Dish Withdraws Offer for Clearwire

After months of drama and surprise twists, the battle for Clearwire may finally be over. Dish Network has released a statement in which it says it is withdrawing its $4.40 per share tender offer for Clearwire. The statement credits the recent change by Clearwire’s board of directors, who switched from supporting Dish’s offer to the [...]

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