Sprint Nextel and SoftBank have pledged not to use equipment from Chinese telecommunications company Huawei Technologies after they merge. Congressman Mike Rogers, a Republican state representative from Michigan who leads the House Intelligence Committee, said today that the two companies told him they would not use gear manufactured by Huawei in their networks. → Read More
Sprint Nextel, the third-ranking U.S. wireless carrier, has just announced earnings results for Q4 2012, reporting a net loss of $1.3 billion, and a negative EPS of $.44. That’s compared to a net loss of $1.3B and a diluted net loss of $.43 per share in the same quarter last year.
The company says that “$45 million or negative $.01 per share (pre-tax) was related to impacts from Hurricane… → Read More
Sprint, newly acquired by Japanese SoftBank for $20.1 billion earlier this month, has just announced earnings results for the third quarter, perhaps showing just how fortunate this acquisition will be for the company. For the period ending September 30, the company reported negative EPS of $.26 on revenues of $7.3 billion, an increase of nearly 6 percent year-over-year. That’s down from… → Read More
Sprint Nextel this morning released its earnings for the fourth quarter of 2011 as well as the full-year results.
The company reported a net loss of $1.3 billion for the quarter, and $2.9 billion for the whole of 2011. → Read More
Sprint Nextel, the no. 3 carrier in the United States, reported its quarterly earnings today, and they’re quite solid. In Q3 2011, the company generated consolidated net operating revenues of $8.3 billion, up from $8.15 billion in the same period last year and relatively flat compared to Q2 2011.
The company booked a quarterly loss of $301 million (or 10 cents per share), roughly a third the… → Read More
Remember when Sprint said the total number of HTC EVO 4G devices sold on its launch day was three times the number of Samsung Instinct and Palm Pre devices sold over their first three days on the market combined, last Monday?
Yeah, that didn’t really happen.
The company now admits it had “inadvertently overstated” the launch day sales of the HTC phone, and that in reality it was in line with the… → Read More
Remember when Sprint said the total number of HTC EVO 4G devices sold on its launch day was three times the number of Samsung Instinct and Palm Pre devices sold over their first three days on the market combined, last Monday?
Yeah, that didn’t really happen.
The company now admits it had “inadvertently overstated” the launch day sales of the HTC phone, and that in reality it was in line with the… → Read More
According to MarketWatch, Sprint Nextel, the number three US wireless carrier, has agreed to buyout yet another of its affiliates, iPCS. Having just recently finalized a deal to acquire Virgin Mobile USA, Sprint is looking to further shore up its customer base with the addition of iPCS’ 700,000 subscribers. Not to mention, the acquisition will mark the end of long and drawn out legal battles… → Read More
Paying attention, Verizon and AT&T? You might have a new monster of a mobile company (with lots of Android offerings) to deal with if Deutsche Telekom can successfully navigate a deal to purchase Sprint Nextel via its American arm, T-Mobile USA. After rumors of the German mobile giant’s interest in swallowing up the on again, off again mobile carrier that is Sprint Nextel, shares of the… → Read More
In what looks to be shaping up to be another healthy week for M&A activity, Sprint Nextel is putting more of its focus on the prepaid cell phone service market with a $483 million deal to buy out Virgin Mobile USA.
The acquisition, which was announced earlier this morning, calls for Sprint to pay $5.50 in stock for each Virgin Mobile share, a 31 percent premium to the MVNO’s closing share… → Read More
In what looks to be shaping up to be another healthy week for M&A activity, Sprint Nextel is putting more of its focus on the prepaid cell phone service market with a $483 million deal to buy out Virgin Mobile USA.
The acquisition, which was announced earlier this morning, calls for Sprint to pay $5.50 in stock for each Virgin Mobile share, a 31 percent premium to the MVNO’s closing share… → Read More
Struggling Sprint Nextel suffered another defeat, as a California court ruled it would have to pay $73 million in a case challenging the carrier’s practice of charging customers a fee who want to cancel their contracts before they are up. Called early termination fees, Verizon Wireless and AT&T face similar suits in various state courts over the practice; the charges argue that customers… → Read More
Following up on reports that it was angling for an acquisition of Sprint Nextel, South Korean carrier SK Telecom reportedly said in a regulatory filing that, while its looking into business opportunities in the U.S. (including its recently announced deal with Helio) it really isn’t after a controlling stake in a U.S. carrier. Earlier this week, rumors were circulating that SK Telecom was in… → Read More
Google is finding that launching an entirely new cell phone platform is taking longer than expected. When it first announced its Android mobile operating system, Google said the first Android phones would be available during the second half of this year. Now the mobile carriers that signed up as Android partners are pushing out their launches, with only T-Mobile still trying to get an Android… → Read More
Apparently the US government is above paying early termination fees. I’m not going to sit here flailing my arms around and pounding my fists on my desk, because I’m sure that every single government agent with a state-issued cell phone is walking around with a Nokia 6110 with duct tape over the battery cover. Ha! Because the government is slow to adopt change, get it? Anyway, the story is that… → Read More
The more I learn about the $3.2 billion deal announced earlier this week to salvage Clearwire’s and Sprint’s WiMax businesses by merging them together, the more I am convinced that someone got snookered. And that someone was Google CEO Eric Schmidt. Maybe he just can’t say “No” to visionary billionaires like Clearwire chairman Craig McCaw. Or maybe McCaw got Intel CEO… → Read More
The deal to combine Sprint Nextel’s and Clearwire’s fledgling WiMax businesses that was rumored last March is finally expected to go through. Comcast and Intel are supposed to put in $1 billion each; Time Warner Cable, $550 million; Google, $500 million; and regional cable provider Bright House Networks, $100 million. The new company, which will be valued at $12 $14.5 billion, will be… → Read More
WiMax is going nowhere fast but that is not stopping a consortium of cable and tech companies from considering a plan to invest $3 billion more into a proposed bailout-through-merger of Sprint Nextel’s WiMax business (known as Xohm) and Craig McCaw’s Clearwire. The consortium that is reportedly being put together would include Comcast ($1 billion), Intel ($1 billion), Time Warner Cable… → Read More
According to the “anonymous Wall Street professional” who writes Seeking Alpha’s Notable Calls blog, a rumor started late yesterday that Sprint “has hired Morgan Stanley and initiated director Ralph V. Whitworth’s plan to spin-off Nextel” and that we should expect the announcement in the next two to four weeks. I’m not really convinced that ditching… → Read More
There’s a pretty good article written by Glenn Fleishman over on Wi-Fi Networking News about the benefits of municipal wireless versus WiMax. I happen to live in a city that offers solar-powered wireless access to its residents and when this service (known as ParkWiFi) was originally announced about a year ago, I assumed I’d be able to redistribute the $50 per month I was paying… → Read More
Sprint announced today that it would be adding two new cards that will be complaint with its forthcoming EV-DO Revision A upgrade. The new cards are the Pantech PX-500 and the Aircard 595 from Sierra Wireless. Both cards will support speeds ranging from 450 – 850kbps. The PX-500 will be available for $199.99 or free with a two-year contract, while the Aircard 595 is $24.99 or as low as… → Read More
In the race against Verizon for EV-DO market dominance, Sprint just nosed ahead. The company has announced that it is upgrading its EV-DO network to Rev. A and will soon be releasing cards that utilize the new implementation. Revision A cards will support download speeds averaging from 450 – 800kbps and uploads ranging from 300 – 400kbps. The new Rev. A cards are backward compatible… → Read More
Sprint Nextel is working on securing their place in 4G cellular services by announcing their plan to establish a nationwide network based on the forthcoming WiMax standard. The new technology is said to be able to deliver wireless broadband at speeds up to 70Mbps in ideal conditions, but real world estimates are significantly lower – expect about 20-50Mbps on a good day – with a range… → Read More
Austin, TX
Seattle, WA
San Diego, CA
Menlo Park, CA
Berlin, Germany
Boston, MA
