Sprint Collects $1.5 Billion in Cash Via Note Sale
Sprint today said that it has closed its offering of senior notes due in 2020 and generated about $1.5 billion in cash through the sale. The proceeds will be used to fund general operations for the carrier, including network upgrades.
Sprint to Sell Certain Network Assets for $2.2 Billion
Sprint has agreed to sell select network assets to a company called Network LeaseCo and then lease back those assets for an unspecified sum. The move is meant to boost Sprint's cash position and will eventually add $2.2 billion to the company's coffers.
Sprint Separates Device Leasing Business to Manage Cash
Sprint today sold part of its device financing business to a newly formed entity called Mobile Leasing Solutions for $1.2 billion. The new company is being backed by a group of equity investors, including Sprint's parent company, SoftBank.
SoftBank, Sprint Majority Owner, to Split In Two
SoftBank today revealed a plan to separate itself into two separate companies, one for its Japan-based carrier business and another for its international operations, including Sprint. SoftBank's domestic business unit, which includes investments in Yahoo Japan, will be run by Ken Miyauchi.
Yahoo Looking to Sell Up to $3B In Non-Core Assets
Yahoo hopes to sell between $1 billion and $3 billion of patents, property, and other assets, according to CFO Ken Goldman. The company is already exploring its strategic alternatives and believes a quick asset sale can shore up its finances.