Post Tagged with: "Softbank"

Sprint Abandons T-Mobile Merger, Names New CEO

After months of buildup, the merger between Sprint and T-Mobile has been abandoned. The third and fourth largest U.S. carriers are giving up on the deal for what seems to be the obvious reason: that it simply would not get approval from regulators who want to keep four carriers to ensure competition in the marketplace. [...]

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Sprint Returns to Profit in Latest Quarter

Things are finally looking up for Sprint. The carrier posted a profit of $23 million for its most recent quarter, bringing to an end its recent string of losses. Sprint also reported earnings per share of 1 cent and revenue of $8.78 billion, both of which were ahead of analyst expectations. While the carrier continued [...]

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Google Has Strong Q2, But Loses Top Executive

Though Google is busy experimenting with self-driving cars and other projects, its core business continues to do just fine. The Internet giant reported strong revenue in the second quarter of the year and managed to beat out estimates. However, the good news was marred by the sudden departure of one of the company’s top executives. [...]

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Sprint and T-Mobile to Join Forces for Spectrum Auction

Sprint and T-Mobile will reportedly join forces to capture spectrum in the incentive auction to be held by the FCC next year. The Wall Street Journal reports that the two carriers will form a joint venture to bid about $10 billion in the auction. That $10 billion is apparently part of a larger amount from [...]

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SoftBank Reportedly Reaches Deal for 50% of T-Mobile

The Sprint and T-Mobile merger made some progress over the weekend, with parent companies SoftBank and Deutsche Telekom reportedly coming to an agreement. The Nikkei Asian Review reported on Saturday that SoftBank will acquire 50% of T-Mobile shares through Sprint. Deutsche Telekom, which owns 67% of T-Mobile, will receive about $16 billion in cash and [...]

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Sprint Reportedly Still Preparing Bid for T-Mobile

Sprint is apparently still moving forward with plans to buy T-Mobile and a bid is expected in June or July. A report from Bloomberg states that two Sprint executives, Chief Financial Officer Joe Euteneuer and Treasurer Greg Block, have met with six banks to ensure funding for the takeover. T-Mobile is valued at around $24 [...]

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Sprint Narrows Loss as Customer Defections Continue

Sprint’s financial report for the first quarter of the year shows the carrier continuing to struggle as it works to improve its network. Sprint narrowed its loss to $151 million, or 4 cents per share, in the quarter and saw revenue climb slightly to $8.88 billion. The carrier also posted an operating income of $420 [...]

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SoftBank Reportedly Considering Bid for Vodafone

Could SoftBank be shifting its attention to Europe? The Japanese carrier, which acquired Sprint last year and has been eying T-Mobile, is reportedly considering a possible bid for Vodafone. Vodafone, which recently sold off its stake in Verizon Wireless to Verizon, is seen as a ripe target and AT&T was also rumored to be looking [...]

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SoftBank CEO Ready for War if T-Mobile Merger Approved

Though regulators have yet to warm to the idea of a Sprint and T-Mobile merger, SoftBank CEO Masayoshi Son is all fired up. In an interview with PBS’ Charlie Rose on Monday, Son said that allowing a merger between the third and fourth largest U.S. carriers would give Sprint the scale to take on the [...]

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Sprint Meets with DOJ to Discuss T-Mobile Deal

Dan Hesse and Masayoshi Son, the CEOs of Sprint and its parent company SoftBank respectively, reportedly met with officials from the Department of Justice earlier this month to discuss a purchase of T-Mobile. The report, which comes from The Wall Street Journal, indicates that the pair was met with a warning that an acquisition would [...]

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