A widely expected deal that will see US operator Sprint acquire its competitor T-Mobile USA is nearing completion, according to a number of reports citing inside sources. News agency Bloomberg said that an agreement on the price, capital structure and termination fee is close and that the deal would value T-Mobile at $40/share, or roughly $31bn.
Virtualisation incumbent VMware has inked partnerships with China Telecom and SoftBank in a move that will see both telcos host and help sell the company’s hybrid cloud service in the region. The move marks a significant expansion of the service as VMware looks to take its hybrid cloud offerings beyond North America and Europe.
Telecoms is an industry so fast-moving that even reflecting back on how things were a decade ago evokes sepia-tinged images of people from the past walking unnervingly fast to the soundtrack of frantic piano. “I remember when the point of mobile phones was to make phone calls,” sneer parents everywhere to their digitally native children.
US operator T-Mobile has claimed to have taken “virtually all of the industry phone growth” in 1Q14 winning market share from its competitors in the process, reporting total net subscriber additions of 2.4 million. However, the operator recorded a $154m loss in the quarter, compared to a $106m profit in the first quarter of 2013.
Web firm Yahoo’s Japanese subsidiary has announced its intent to acquire mobile operator eAccess from Softbank for Y324bn ($3.17bn).
Mobile operators Telenor, Softbank and Du have posted their financial earnings reports for the quarterly period, each reporting a growth in revenue and profit.
Finnish tablet gaming developer Supercell has announced investment to the tune of $1.5bn from Japanese carrier SoftBank and its mobile gaming vehicle GungHo.
The US Federal Communications Commission (FCC) has approved Japanese operator SoftBank’s proposed takeover of US operator Sprint. The Commission decided that the transaction will serve public interest.
Shareholders in US operator Sprint have voted overwhelmingly in favour of a takeover bid from Japan’s Softbank. Approximately 98 per cent of shareholders voted for the merger after the Japanese firm increased the value of its offer earlier this month by $1.5bn to $21.6bn.
Japan’s Softbank has increased the value of its offer for US carrier Sprint by $1.5bn to $21.6bn in an attempt to seal shareholder acceptance of the deal. As well as increasing the total amount payable the deal has been restructured to give shareholders an additional $4.5bn.
South Korean operator KT Corporation is launching a cloud computing offering in Japan this week, in conjunction with Softbank.The new offering, which will operate on a datacentre in Korea, exploits a growing market for overseas storage in Japan, where an increasing number of enterprises have, since the devastating earthquake in 2011, looked to neighbouring South Korea for the opportunity to minimise their data storage risk.
US satellite TV player has stirred controversy in its bid to acquire mobile operator Sprint by accusing rival bidder, Japanese operator Softbank, of posing a threat to US national security.
Pearl Harbour is indisputably one of the greatest attrocities the world has ever seen and it stands for all right-minded souls as proof that, however much time might pass, you should never trust Michael Bay. Meanwhile the events the film depicts were popular justification among the WWII generation for taking a similarly ‘cautious’ attitude towards the Japanese.
Fresh from its attempt to scupper a potential deal between US operator Sprint Nextel and Wimax operator Clearwire, Dish Network is now going right for the source with a $25.5bn offer to merge with Sprint.
Japanese operator Softbank is selling a portion of its recently acquired subsidiary eAccess to 11 third party firms including infrastructure vendors Ericsson, NSN, Alcatel-Lucent and Samsung. Softbank said that the move would allow the subsidiary to maintain a degree of independence, which it believes will allow eAccess’ continued expansion.
US operator Sprint has signed an agreement with rival US Cellular to acquire PCS spectrum and customers in the Midwest region of the country. Sprint will acquire 20 MHz of PCS spectrum in the 1900MHz band in various Midwest markets and 10 MHz of PCS spectrum in the St Louis market.
Japanese carrier Softbank’s bid to acquire a 70 per cent stake in US operator Sprint is an audacious deal that could transform or hobble the companies depending on how it plays out. For Softbank it is a huge bet that it’s better to invest $20bn in the third-largest US mobile operator rather than its home market of Japan where it is the third-largest mobile operator behind NTT DoCoMo and KDDI.
Japanese carrier Softbank has announced its intention to acquire a 70 per cent stake in US operator Sprint. Softbank will invest $20.1bn into Sprint; $12.1bn of which will be paid to its shareholders and $8bn will be used as new capital.
As part of our look at the Japanese LTE market and ahead of his speaking appearance at the sixth annual LTE Asia conference, we speak to Sadayuki Abeta, director of the Radio Access Network development, for leading Japanese mobile operator NTT DoCoMo.
Sprint has joined T-Mobile USA and AT&T on the Google carrier billing wagon, offering support for Android users who want to charge app purchases to their monthly bills. In a phased roll-out over the next few days, Sprint users will be offered a drop-down menu when purchasing apps, allowing them to choose between charging their credit card or “Bill my Sprint account.”