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Posts Tagged ‘ sprint ’

SoftBank To Permit Govt. Veto Power Over Sprint Board Seat

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May 23, 2013
TEST6Softbank

Japan’s Softbank Corp (OTCMKTS:SFTBF) (TYO:9984) has offered to appoint a security director if it is successful in its $20 billion bid to buy a majority stake in U.S. based Sprint Nextel Corporation (NYSE:S). The government-approved director will monitor national security issues relating to SoftBank’s takeover of Sprint Nextel, according to a Bloomberg report. Softbank Corp (OTCMKTS:SFTBF) (TYO:9984)’s offer comes amid rival DISH Network Corp (NASDAQ:DISH) hoping to derail SoftBank’s bid with a major PR...
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Clearwire Corporation Board Approves Sprint’s Sweetened Offer

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May 22, 2013
TEST6clearwire logo

Clearwire Corporation (NASDAQ:CLWR) board announced today that Sprint Nextel Corporation (NYSE:S)’s revised and enhanced bid is the right deal for the company. Clearwire Board approved the revised offer from Sprint: In today’s statement, Clearwire Corporation (NASDAQ:CLWR) announced that its Special Committee and Board of Directors have approved the revised offer from Sprint Nextel Corporation (NYSE:S) to acquire the roughly 50 percent stake that Sprint doesn’t already own. Yesterday, the number three operator in the U.S., Sprint Nextel Corporation...
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DISH’s Ergen Bids $2 Billion for Lightsquared’s Network

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May 21, 2013
TEST6Charles Ergen

Press reports (Katherine Burton & Alex Sherman of Bloomberg) indicate DISH Network Corp (NASDAQ:DISH)’s Chairman Charles Ergen made an offer of $2 billion for LightSquared’s spectrum holdings on Monday. The reports suggest the offer is good until the end of this month. The $2 billion by Ergen would cover the $1.7 billion in bank debt that LightSquared owes and could leave some value for its preferred shareholders. Depending on how much of LightSquared’s spectrum is eventually...
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John Paulson Buys Citigroup, Heinz, Family Dollar, Sells Barrick Gold

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May 16, 2013
TEST6John Paulson

John Paulson’s Paulson & Co has been marred by reports of declining returns recently, but the legendary investor quashed these comments in a sit-down at SALT Conference. Paulson said that the tales of his losses have been greatly exaggerated. The largest of  Paulson’s holdings are still concentrated in gold—the top five include SPDR Gold Trust (ETF) (NYSEARCA:GLD), Sprint Nextel Corporation (NYSE:S), Life Technologies Corp. (NASDAQ:LIFE), AngloGold Ashanti Limited (NYSE:AU) and Realogy Holdings Corp (NYSE:RLGY). Paulson & Co. filed their 13F with the SEC...
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Softbank Expects Billion Dollar Savings in Merger With Sprint Nextel

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May 9, 2013
TEST6Softbank

In a piece today in Bloomberg written by Scott Moritz and Jeffrey McCracken, the two pointed out the operational savings that Softbank Corp (TYO:9984) (PINK:SFTBF) expects from a Sprint Nextel Corporation (NYSE:S) merger could reach $3 billion by 2017. Softbank’s President Masayoshi Son laid out these numbers this week in a meeting with Sprint investors in New York. Softbank sees a savings of $2 billion immediately from 2014 to 2017 with the $3 billion arriving...
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Clearwire Reiterates Sprint Deal Best Option For Minority Stockholders

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May 6, 2013
TEST6Sprint Clearwire

Wireless service provider Clearwire Corporation (NASDAQ:CLWR) reiterated Monday that its proposed transaction with  Sprint Nextel Corporation (NYSE:S) offers the best option for Clearwire’s minority shareholders. Sprint Nextel Corporation (NYSE:S) offered to buy Clearwire Corporation (NASDAQ:CLWR) in December for $2.2 billion but satellite TV provider DISH Network Corp (NASDAQ:DISH) announced a counterbid of $2.3 billion in January. Dish followed up in April by making a bid for Sprint. In a letter sent on Monday to the shareholders, Clearwire...
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U.S. Cellular To Offer Apple Inc. (AAPL) Products This Year

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May 3, 2013
TEST6Apple Logo

US Cellular will start selling Apple Inc. (NASDAQ:AAPL) products sometime in 2013. The company made the announcement in their quarterly earnings report. Although the company has yet to give specifics as to which products they will offer, it’s most likely the iPhone 5 and iPad. Mary Dillon Announcement To Attract More Customers to Apple Products Mary Dillon (chief executive for U.S Cellular) explained, “We have a number of strategies in progress to increase loyalty...
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T-Mobile USA Completes MetroPCS Merger, Debuts On NYSE

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May 1, 2013
TEST6T-Mobile MetroPCS Merger

T-Mobile USA has officially completed its merger with MetroPCS Communications Inc (NYSE:PCS). The newly formed company will retain the name of T-Mobile US Inc. and will be based in Bellevue, Washington. It debuts today on the New York Stock Exchange under the ticker TMUS. T-Mobile USA Inc.’s parent Deutsche Telekom AG (FRA:DTE) (PINK:DTEGY) (ETR:DTE) received 74% stake in the enlarged entity, while MetroPCS Communications Inc (NYSE:PCS) shareholders received the remaining stake plus $4.06 per share in cash....
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Intel Corporation (INTC) CEO Prefers Softbank Over Dish For Sprint

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May 1, 2013
TEST6Intel corporation ceo Otellini

Paul Otellini is favoring Softbank Corp (OTCMKTS:SFTBF) (TYO:9984) over DISH Network Corp (NASDAQ:DISH) for the takeover of Sprint Nextel Corporation (NYSE:S) according to Reuters. The CEO of Intel Corporation (NASDAQ:INTC) has written a letter to Federal Communications Commission (FCC) Chairman Julius Genachowski in which he said that he is backing SoftBank, which is a wireless carrier based in Japan. There have been talks held between Sprint Nextel Corporation (NYSE:S) and Softbank Corp (OTCMKTS:SFTBF) (TYO:9984) since last...
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SoftBank Gives OK To Sprint To Explore Dish Offer

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April 29, 2013
TEST6Softbank and Sprint Logo

Sprint Nextel Corporation (NYSE:S) on Monday said Softbank Corp (TYO:9984) (PINK:SFTBF) gave a waiver for Sprint to seek more information from rival suitor DISH Network Corp. (NASDAQ:DISH). Two weeks ago, Dish sent shock waves to the markets with a counter-offer of $25.5 billion cash and stock for Sprint. DISH Network Corp. (NASDAQ:DISH) claimed its sweetened offer was superior to the $20.1 billion deal struck between Softbank Corp (TYO:9984) (PINK:SFTBF) and Sprint Nextel Corporation (NYSE:S) last October. Overland...
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Sprint iPhone Sales Offset 560,000 Customer Loss In March Quarter

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April 24, 2013
TEST6sprint logo

Despite Sprint’s loss of 560,000 customers during the January through March quarter, the carrier still managed to sell over 1.5 million iPhones. The carrier lost a total of $643 million this year. During the same quarter last year, the company lost $863 million. By the end of the quarter, Sprint had 31.3 million customers with contracts averaging $61.47 a month. They brought in a substantial new amount of customers thanks to the iPhone. The...
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