Sprint Nextel

 
  • Sprint Gobbles Up Virgin Mobile For $483 million

    Sprint Gobbles Up Virgin Mobile For $483 million

    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

  • Sprint owes customers $73 mil in Calif. early termination fee ruling

    Sprint owes customers $73 mil in Calif. early termination fee ruling

    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

  • SK Telecom not intereseted in acquiring Sprint

    SK Telecom not intereseted in acquiring Sprint

    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's Android Hits Snags With Mobile Carriers

    Google's Android Hits Snags With Mobile Carriers

    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

  • Government exempt from early termination fees

    Government exempt from early termination fees

    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… Read More

  • Why the WiMax Deal Is A Disaster, Part II (Or, How Craig McCaw Snookered Eric Schmidt)

    Why the WiMax Deal Is A Disaster, Part II (Or, How Craig McCaw Snookered Eric Schmidt)

    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

  • $3.2 Billion WiMax Deal Goes Through. Take Cover.

    $3.2 Billion WiMax Deal Goes Through. Take Cover.

    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

  • Why Cable And WiMax Shouldn't Mix

    Why Cable And WiMax Shouldn't Mix

    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

  • Rumors Gone Wild: Is Sprint looking to spin-off Nextel or is T-Mobile looking to buy Sprint? Or both?

    Rumors Gone Wild: Is Sprint looking to spin-off Nextel or is T-Mobile looking to buy Sprint? Or both?

    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

  • WiMax Versus Municipal Wireless

    WiMax Versus Municipal Wireless

    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