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.
US carrier Sprint is understood to have called off its courtship of T-Mobile USA and is preparing to go it alone. Only two months ago the widely expected deal was thought to be nearing completion, with those in the know putting the price tag for T-Mobile at around $31bn, creating an operator with the same scale as market leaders Verizon Wireless and AT&T.
Sprint has announced that it will begin offering Google Apps for Business to enterprise customers in August. The US telco said it plans to provide the full array of Google Apps and emphasize a mobile-focused approach to using the cloud suite. It will also provide and offer online training and support free.
German incumbent Deutsche Telekom is demanding a $1bn break-up fee be made part of any attempted takeover of its US operation T-Mobile by Sprint in order to approve the deal, according to a report in the Wall Street Journal. The payment, from Sprint to Deutsche Telekom, would be required should an agreed deal be derailed; perhaps blocked by regulatory or competition authorities.
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.
US mobile network Sprint has extended its LTE coverage to 20 new markets, taking the total number of cities in which the service is available to 402, the firm said. It also introduced its Spark service, which takes advantage of LTE-Advanced techniques including carrier aggregation, in two new markets. Sprint said that it expects to have LTE coverage of more than 250 million people by the mid point of 2014.
US operator Sprint has launched a connected car offering for automotive insurance companies. The IMS UBI Intelligence tool offers insurers a way to accurately determine a driver’s policy premium based on their driving behaviour.
LTE pioneer SK Telecom said it has successfully developed LTE-Advanced tri-band carrier aggregation technology. The technology is likely to be used to ease congestion in networks in built up areas in South Korea.
Interview: SVP for technical architecture at Sprint: “We have the ability to build a bigger pipe than the competition because of our spectrum position”
Dr. John Saw, SVP for technical architectureat US operator Sprint is delivering a keynote address on “Analyzing the LTE Opportunity”, on Day One of the LTE North America conference, taking place on the 21st-22nd November 2013, in Dallas, Texas, USA.
US operator AT&T is to sell approximately 600 of its wireless towers to independent infrastructure management firm Crown Castle, and lease the rights to another 9,100 towers, for a combined up-front payment of $4.85bn. AT&T will lease capacity back from Crown Castle, for a minimum of ten years, for $1,900 per month per site, with annual rent increases of two per cent.
VP Sprint, technology development and corporate strategy: “Three largest economies in the world embrace Band 41 and represent 2bn potential subs”
Ron Marquardt, vice president of Sprint Technology development and corporate strategy is delivering a keynote address of Day Two of the Broadband World Forum, taking place on the 22nd – 24th October 2013 at the RAI Exhibition and Convention Centre, Amsterdam. Ahead of the show we speak to him about how China’s adoption of Band 41 affects the TD-LTE eco-system, and find out how Sprint responds to rival claims that its support of unlimited data is untenable.
US operator Sprint has launched its own rich communications service for Android and iOS smartphones, which is compatible with non-Sprint subscribers’ handsets. The app, called Messaging Plus allows subscribers to connect with family and friends via text, instant messaging, group messaging and video chat through a single application.
US operator Sprint has posted an operating loss of $874m for the quarter ended June 30, 2013. The figure takes into account non-cash charges of $623m related to the shutdown of the Nextel iDEN platform. Accelerated depreciation of assets also accounted for approximately $430m of the loss.
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.
US satellite player Dish Network has announced that it is withdrawing its offer to acquire all of the outstanding shares of in wimax player Clearwire. Dish cited Clearwire’s recent decision to recommend a rival offer from mobile operator Sprint as a key reason it has opted to withdraw its offer.
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.
Sprint has filed a lawsuit in a bid to block the acquisition of 49.8 per cent of Clearwire by Dish Networks. The suit, which alleges that Dish’s tender offer for Clearwire is unactionable, is the latest twist in the story of Sprint’s evolution and Dish’s desire for US spectrum assets.
The board of directors at US wimax (and proposed LTE) operator Clearwire has unanimously voted to recommend an offer from US satellite provider Dish Network, rather than mobile operator Sprint. Dish Network has offered to acquire all outstanding common shares of Clearwire at a price of $4.40 per share while Sprint offered just $3.40 per share.
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.
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.