Sprint Invests Just Enough in Clearwire to Give it 50.8%
Sprint has purchased some Class A and Class B shares in Clearwire from Eagle River Holdings, according to regulatory filings cited by the New York Times. The stock purchase, which was not given a monetary value, raises Sprint's stake in Clearwire from 48% up to 50.8%, giving it majority ownership of the company. The Times notes that gaining control of Clearwire was not a necessity for Sprint to receive $20.1 billion in financing from Japan's Softbank, but it "simplifies the relationship." Late Wednesday, AT&T expressed concern over the amount of spectrum that Softbank could come to control with its ownership stake in Sprint and Clearwire.
Coral Blue Galaxy S8 and S8+ Go On Sale In US July 21
Samsung today said the Coral Blue variant of the Galaxy S8 and S8+ handsets will become available to U.S. buyers starting July 21.
Alcatel Announces the Idol 5S with Stereo Speakers
Alcatel today marked the debut of the Idol 5S, the latest in its flagship series. Like its predecessors, the 5S features an aluminum frame, curved glass front and rear surfaces, powerful stereo speakers, and a rear-mounted fingerprint reader.
SoftBank Invests Another $73 Million in Sprint
SoftBank has purchased yet more shares of Sprint stock, boosting its stake in the company to just over 80%. SoftBank shelled out $73 million for about 16.8 million shares.
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.
Yay for Sprint, Screw AT&T
And as for AT&T, screw em. They are only bitter because the FCC, DOJ and God knows who else shot there bit for T-Mobile down. Fuq em.
So who is right?
So who is right? One of them needs to make a correction. lol