Sprint responds to US Justice Department’s request to FCC to temporarily halt Sprint merger with Softbank.
The Dish Network and Sprint rivalry has been going on quietly behind larger events like CES 2013. However, the two companies continue to battle as Dish asks the FCC to freeze the Sprint and Softbank deal.
We are in the golden era of mobile technology, and the industry isn’t resting on its laurels. While Apple may have started this industry on a new path, its reign at the top may soon be over.
It has been revealed that Sprint has made a $2.1 billion offer to buy out Clearwire. Sprint already owns 50.4 percent of the company but wants to buy all of its share to control its spectrum.
SoftBank’s CEO Masayoshi Son on the Sprint deal: “I am betting $20 billion that I’m going to be successful.”
Remember when the Japanese operator SoftBank announced that they were going to buy 70% of Sprint? Everyone in the office scratched their heads because we frankly didn’t know how to react to the deal. Now, thanks to an exhaustively researched piece on The Wall Street Journal about Masayoshi Son, SoftBank’s CEO, we not only know a lot more the Japanese company, but we’re also filled with excitement.
It’s no longer a surprise that the Motorola Razr M, the least exciting offering from the trio of Razr phones that were introduced in September, is coming to Japan via Softbank. We’ve reported earlier in the month that the mid-range Razr M is heading to the carrier before the end of October. Now, Moto and Softbank have confirmed the phone’s impending release.
Some surprising things have happened surrounding Sprint over the past few days. According to comments made by Softbank CEO Masayoshi Son in an interview with the Wall Street Journal, we may not have seen the last of them either.
No one seemed to stand in Verizon and AT&T’s way in the States, until recently, when two major deals were announced. T-Mobile and MetroPCS are to be united and share an over 40 million customer portfolio, while Japanese-based Softbank is extending a hand to falling Sprint, offering much needed financial support.
Yesterday we reported that the rumored acquisition of Sprint by Japanese telecoms company Softbank was official. Now Sprint is no longer as likely to buy out Clearwire, though Sprint already owns 48 percent of the company’s shares.
The Softbank-Sprint acquisition is official. The earlier rumored Sprint acquisition by Softbank has been announced by the Japanese telecoms company itself. In a press event in Tokyo, Softbank has announced that it will merge with Sprint to form a new company.