We might be just a couple weeks away from finding out if a major deal will occur in the U.S. wireless industry. Deutsche Telekom and SoftBank are seemingly well on their way to creating a single carrier through two existing brands. They’ve been locked into negotiations for several months, and a new report suggests a deal could be announced in October. T-Mobile and Sprint, according to ...
T-Mobile and Sprint, two of the largest carriers in the U.S., are talking about a merger yet again. A report published by CNBC reveals their parent companies are engaged in conversations for a stock-for-stock deal. The merger, if completed based on the terms reported, wouldn’t give birth to an entirely new company. It turns out that one parent company, according to Bloomberg, will...
Andy Rubin’s exciting new Essential Phone will be a Sprint exclusive in the United States. Essential says that it believes Sprint is “the network of the future” and the perfect partner to help build its new brand. Customers will still be able to purchase the handset unlocked for use on other carriers. Unveiled in late May after months of teasers, the Essential Phone is one of the most...
At the turn of the year Sprint warned that the company was going to start making staffing changes in an effort to cut costs. Today, we're learning how that's going to go down. The company told CNET recently that it's now closing 55 stores, 150 repair/service centers and laying off as many as 330 employees. It's not blindly closing some shops down, however. CNET said that the stores are...
The Japanese business magazine Nikkei is reporting that Japanese communications giant, SoftBank, in in the final stages of talks with T-Mobile's parent company, Deutsche Telekom, over purchasing the U.S. carrier. The Nikkei cites anonymous sources for its information. This would mark SoftBank's second major acquisition of an American carrier within two years. Sprint was bought out last...
You are no doubt well educated in the policies and ways of Verizon, AT&T, T-Mobile, and Sprint if you are a frequent reader of TechnoBuffalo. America’s largest providers always have plenty of news and drama to cover, but what about the rest of the world? Japan has its own cellular industry with three giants that run the show, and I would like to provide an overview of what to...
SoftBank, which recently acquired a 70 percent stake in Sprint for $20 billion (for a more than 80 percent stake in the company), is continuing its spending spree. The Japanese wireless carrier will acquire a 57-percent stake in Brightstar for $1.26 billion, according to statements made by both companies on Friday. The acquisition includes a new joint venture that includes SoftBank,...
Japanese carrier SoftBank and game publisher GungHo Entertainment have made a swift move in capturing one of the biggest free-to-play mobile games to date, Clash of Clans, by purchasing developer Supercell for a combined $1.5 billion. SoftBank pitched in for 80 percent of the shares in the Finland based company, and GungHo coughed up the remaining 20 percent. Supercell CEO Ilkka...
SoftBank CEO Masayoshi Son has commented on the status of SoftBank and Sprint as both companies have yet to feel the benefits of SoftBank's $21.4 billion acquisition of the American carrier in July. Investors looking for a quick turnaround were warned that Sprint's loss of subscribers would not be changing overnight. "It took around a year after SoftBank bought Vodafone (before) we...
SoftBank, Japan's third largest mobile carrier, is seeking to further expand its influence beyond the borders of its home country, and the Japanese government is eager to lend them a hand. 300 billion yen (approx. $3B USD) has been set aside and promised to the company for the purpose of new foreign acquisitions and investments. Much of the money will be used for refinancing the...