In a move that no one can really explain, Sprint bought out the shares of Eagle River Holdings recently to give them a controlling share of Clearwire. Best known as the guys who gave Sprint WiMax, Clearwire is now controlled by Sprint, who owns. 50.8% of the shares. Why has Sprint bought Clearwire? The answer isn’t known.
If you still haven’t made up your mind as to which smartphone to get if you’re upgrading or getting a new mobile plan, you might want to consider this deal from Amazon Wireless. For a limited time, you can get yourself Samsung’s latest flagship device, the Galaxy S3, for just $99.99.
Earlier today we heard that the U.S. Galaxy S3 versions will only get their Jelly Bean updates in 2013, or at least most of them, but now we have an official press release from Samsung to shed more light on the upgrade process in the region.
The news that Japan-based Softbank is about to take Sprint under its wing is just another example of globalization at work. If the $20.1 billion deal between the two companies is approved by regulators and shareholders, it’ll add to the growing list of American wireless carriers that are mostly owned by foreign companies. Here’s a quick look at who’s behind the top mobile network operators in the U.S.
Yesterday we reported that the rumored acquisition of Sprint by Japanese telecoms company Softbank was official. Now Sprint is no longer as likely to buy out Clearwire, though Sprint already owns 48 percent of the company’s shares.
Sprint seems to have gotten a jump on the Samsung press event scheduled for October 24. The carrier has offered up the official release date and pricing information for the LTE compatible Galaxy Note 2. And better news for those waiting, your wait will be fairly short.
Android fans probably know that LG’s recently unveiled flagship Android smartphone is coming to America via AT&T and Sprint. But the two mobile operators that are going to carry it did not offer any availability details for the LG Optimus G, at least until today.
The Softbank-Sprint acquisition is official. The earlier rumored Sprint acquisition by Softbank has been announced by the Japanese telecoms company itself. In a press event in Tokyo, Softbank has announced that it will merge with Sprint to form a new company.
Softbank has been eyeing the U.S. market for some time now, reports Reuters, and sources say the telecoms company is in talks with three banks in Japan to finance its acquisition bid. Sources close to the matter say Softbank plans to borrow 1.8 trillion yen (US$ 23 billion) in order to fund its acquisition.
Today Sprint reaffirmed its commitment to expanding its 4G LTE network by announcing a major push to 22 new markets. Alongside the announcement of the 22 new cities getting its high-speed services, it also reiterated its promise to add LTE to more than a hundred new cities in the near future.