Sprint

Softbank buys 70% of Sprint in $20.1bn deal

Softbank buys 70% of Sprint in $20.1bn deal

Japanese carrier Softbank has confirmed it is acquiring a majority share in Sprint, in a deal worth $20.1bn expected to be closed by mid-2013. The deal, rumored last week, will see Softbank pay $12.1bn to Sprint's existing shareholders to snap up the struggling US CDMA carrier, with the remaining $8bn used to "strengthen Sprint's balance sheet." The acquisition will see Softbank attempt to bring some Japanese-style LTE magic to Sprint's network in the US, with current CEO Dan Hesse remaining on in his position.

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SlashGear Evening Wrap-Up: October 12, 2012

SlashGear Evening Wrap-Up: October 12, 2012

Welcome to Friday, folks. The weekend is here once again, and what better way to kick off the festivities than with a Windows 8 purchase? The new OS went up for pre-order today, while a number of other Windows 8-related stories were popping up all over the place. For instance, we found out that the marketing campaign for Windows 8 cost Microsoft a whopping $1.5 billion, and a collection of HP computers were spotted running Windows 8 on the show floor of one Best Buy store in Minnesota.

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SoftBank plans $23 billion for Sprint bid

SoftBank plans $23 billion for Sprint bid

This week its becoming clear that the Japanese wireless service provider known as SoftBank is ready and willing to take a giant stab at the US marker with Sprint as is readies 23 billion dollars in borrowed cash for a bid. By acquiring Sprint, SoftBank has been tipped to be gaining favor with a variety of hardware manufacturers, this allowing them to grab high-tiered smartphones and tablets for their own brand in Japan. Meanwhile it would appear that the deal is "a must-do deal" for Sprint while for SoftBank it simply isn't so - this idea coming from Yasuo Sakuma, portfolio manager at Bayview Asset Management in Tokyo, adding "it's going to be very difficult to turn Sprint around."

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Sprint confirms SoftBank talks of acquisition

Sprint confirms SoftBank talks of acquisition

Earlier today it was rumored that Japanese mobile data carrier SoftBank was in talks with Sprint over a possible acquisition of the US carrier - this news has now been confirmed by Sprint with a very brief comment. The words delivered by Sprint here nearer noon on October 11th include confirmation that they're "engaged in discussions" with the Japanese group and that there are "no assurances that these discussions will result in any transaction." They also let it be known that if a transaction does occur, it very well could include "a change of control of Sprint."

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SoftBank reportedly in “advanced” Sprint $12.8bn acquisition talks

SoftBank reportedly in “advanced” Sprint $12.8bn acquisition talks

Japanese carrier SoftBank is "in advanced talks" to acquire Sprint, insiders claim, with a deal worth potentially $12.81bn apparently on the table. Full details of the negotiations have not been leaked, though the deal would undoubtedly represent a significant risk for SoftBank, the WSJ reports. The carrier currently holds the number three spot in the Japanese network leagues, though revealed a deal to acquire smaller rival eAccess for $1.84bn earlier in October.

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T-Mobile MetroPCS deal faces Sprint counter-offer threat

T-Mobile MetroPCS deal faces Sprint counter-offer threat

MetroPCS could be the target of a bidding war, with wireless industry whispers that Deutsche Telekom's bid to merge the carrier with T-Mobile USA may face a challenge from another US network. Although the agreement with Deutsche Telekom has already been announced as in incipient merger, a trio of sources speaking to Bloomberg claim ailing rival Sprint is weighing a counter-bid that could be submitted as early as next week.

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4G LTE Tri-Fi Hotspot shares LTE, WiMAX and 3G

4G LTE Tri-Fi Hotspot shares LTE, WiMAX and 3G

Sierra Wireless has revealed the first triple-mode LTE, WiMAX and 3G mobile hotspot, the 4G LTE Tri-Fi, set to hit the Now Network later this month. Promising up to eight hours of active battery life and sharing for up to eight devices over WiFi b/g/n connections, the 4G LTE Tri-Fi Hotspot also has a microSD card slot for working as a portable NAS using DLNA for easy access.

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Apple job ad hints at telephony service

Apple job ad hints at telephony service

Apple is looking for people who are good at telephony software. Maybe too good. In fact, some are suggesting that perhaps Apple is planning on launching its own mobile voice and data infrastructure, thus eliminating the need to sell iPhones through Verizon, Sprint, or AT&T and potentially flip the mobile carrier market completely on its head. All this from a couple job postings. But when it comes to Apple, we expect grand speculation based on small evidence.

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Samsung Galaxy Nexus will hit Sprint April 15 says rumor

Samsung Galaxy Nexus will hit Sprint April 15 says rumor

The latest entry in what is the closest to being "the official" Android product line will be available on a new carrier less than a month from now. That is to say, Samsung's Galaxy Nexus phone, which Google had an active hand in developing, will be losing its Verizon exclusivity and moving to the Sprint network on April 15, complete with the ability to connect to the new carrier's 4G LTE infrastructure.

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