T-Mobile and Sprint are no longer heading toward a merger, according to Nikkei. Negotiations between the two carriers' parent companies had been ongoing for months. SoftBank, which owns the majority share of Sprint, will be contacting Deutsche Telekom in the coming days to inform them of the decision officially. A broad agreement was reached recently, but it appears the controlling...
An announcement regarding the long-rumored merger between T-Mobile and Sprint should come within the next couple of weeks, but that doesn't mean anything is official. Both carriers' parent companies have a lot of work to do before the brands become one. The toughest thing to accomplish will be proving the combination of T-Mobile and Sprint is beneficial for consumers. Deutsche Telekom...
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...
Sony's next-generation Xperia Z4 could make a somewhat surprise appearance at Mobile World Congress next month after three versions of the device were recently certified in Japan. In recent years, Sony has been sticking to a 6-month release cycle for its flagship Xperia Z lineup, but its most recent Xperia Z3 only arrived four months ago at IFA 2014 in Berlin. We weren't expecting to...
We’re expecting Sony to unveil the Xperia Z3 next week at IFA 2014, and for the first time in a while it looks like the company’s new flagship phone could get a quick launch from U.S. carriers. Earlier this summer we reported that the Z3 is rumored to hit T-Mobile. Now it looks like Sprint could offer the new smartphone as well. A new report from Reuters claims Sprint’s parent company...
T-Mobile is reportedly set to reject the surprise $15 billion bid by France's Iliad. Sources speaking with CNBC claim Germany's Deutsche Telekom, which owns T-Mobile U.S., didn't feel the offer put in by Iliad was enough. Following an acknowledgment by T-Mobile U.S.'s board, an official rejection announcement could hit as early as tomorrow. With negotiations with Japan's Softbank still...
Sprint is reportedly close to securing $40 billion in financing as it nears a bid for T-Mobile U.S., Reuters said Friday. The news outlet said that JPMorgan Chase, Goldman Sachs, Deutsche Bank, Bank of America Merrill Lynch and Citigroup are all financing the deal, which includes $20 billion in T-Mobile debt refinancing and a $20 billion loan from Sprint owner Softbank. Industry...
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...