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All Posts Tagged Tag: ‘Sprint’

Sprint Loses $1.6 Billion, Loses Nextel Subscribers

Today Sprint Corporation released its first quarterly report since its acquisition by SoftBank. The U.S. mobile provider posted a massive $1.6 billion net loss during the second quarter of 2013, while the company’s revenue during the quarter dropped slightly to just over $845 million. One of the few bright spots of the report includes an 8% rise in Sprint’s wireless …

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Sprint Guarantees Unlimited Plans For Life

Yesterday, Sprint completed its $21.6 billion merger with SoftBank. The new company, Sprint Corporation, is already making big promises to customers. Sprint has announced that, starting today, new and existing customers who purchase one of the carrier’s unlimited “My Way” or “My All-in” plans are guaranteed unlimited voice, text, and data for life, assuming they stick with their Sprint plan.. …

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$21.6 Billion Sprint-SoftBank Merger is Now Complete

Sprint Nextel shareholders recently voted overwhelmingly to approve a proposed merger between Sprint and SoftBank. Earlier this week, the deal cleared one final hurdle with the unanimous decision by the U.S. Federal Communications Commission (FCC) to approve the merger. Today, Sprint and SoftBank have announced that the merger is officially complete. SoftBank has paid $21.6 billion for Sprint, acquiring 72% …

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HTC Windows Phone 8 Launching July 19 on Sprint

Though Microsoft has not been able to make Windows Phone 8 the iPhone and Android competitor it may have wanted, the company is still muscling its way into the smartphone market. Sprint today announced that the HTC 8XT, the carrier’s first Windows Phone 8 offering, will be available starting on July 19. HTC unveiled its 8X line of Windows Phone …

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Sprint’s Clearwire Acquisition is Complete

Last December, Sprint Nextel announced that it intended to pay $2.2 billion to fully acquire the portion of telecom company Clearwire that it did not already own. Today, Sprint announced that the transaction is finally complete. Clearwire shareholders approved the sale in a special shareholders meeting held on July 8. The sale closed on July 9, and is effective immediately. …

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Sprint-SoftBank Merger Approved by U.S. FCC

In late June, Sprint Nextel shareholders voted to approve the proposed merger of Sprint and SoftBank during a special shareholders meeting. The only hurdle left for the companies was the U.S. Federal Communications Commission (FCC), which needed to approve the transaction. On Friday, while many Americans were still enjoying an extended Fourth of July holiday, the FCC came through with …

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Sprint Shareholders Vote to Approve SoftBank Merger

Sprint Nextel shareholders today voted overwhelmingly to approve the proposed merger of Sprint and SoftBank during a special shareholders meeting. Almost 98% of the votes cast in the meeting, which represent around 80% of Sprint’s common stock, were in favor of the merger. “Today is a historic day for our company, and I want to thank our shareholders for approving …

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Sprint Ups Clearwire Acquisition to $5 Per Share

In December 2012, Sprint Nextel announced that it would acquire the 50% of Clearwire that it did not already own for $2.2 billion. Sprint would pay $2.97 per share of Cleawire, valuing the company at around $10 billion. The acquisition would provide Sprint with a boost in spectrum and help the company keep pace with T-Mobile’s recent acquisition of MetroPCS. …

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Sprint to Shut Down Nextel on June 30

Sprint Nextel today announced that it is still planning to shut down the Nextel National Network by the end of June. The company has stated that June 29 will be the final day of full Nextel iDEN network service. On Sunday, June 30, iDEN phones will not receive voice or data. Sprint stated the equipment that powers the network will …

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Sprint, Dish Continue Merger Talks With Waiver From SoftBank

Sprint Nextel has been in negotiations with SoftBank for a $20 billion merger since last October. However, Dish Network swooped in earlier this month with a $25 billion offer for Sprint, making things much more complicated. Sprint is currently in the process of evaluating each offer, while Dish is adamant that its offer is superior to SoftBank’s. Today, Sprint announced …

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Sprint Losses Drop, But So Do Subscribers

Sprint, the third largest wireless carrier in the U.S., today released its first quarter 2013 financial results. The report shows that the company’s net losses have decreased from the fourth quarter of 2012, though it also shows worrying trends, such as falling subscriber numbers. Sprint reported a net loss of $643 million, compared to the $863 million net loss it …

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$25 Billion Offer From Dish A 13% Premium Over SoftBank’s Sprint Offer

As previously reported, Dish Network announced a proposal on Monday to merge with Sprint Nextel in a deal worth $25.5 billion. According to Dish, the offer is a 13% premium over the pending acquisition by SoftBank announced last year. In a letter to Sprint Nextel Chairman of the Board, James Hance, Jr., Dish chairman Charlie Ergen wrote, “We are offering …

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