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.
Galaxy S8 to Cost $750, S8+ to Cost $850: Carriers Share Launch Details
Samsung's new Galaxy S8 and S8+ smartphones will cost $750 and $850, respectively. The phones share almost all features other than size and both ship with 64 GB of internal storage.
More Carriers and Phone Makers Agree to Adopt Google's RCS-Based 'Android Messages' Service
Google today said more wireless network operators and handset manufacturers will use Android Messages, its RCS-based messaging service, as the default SMS/MMS tool on their phones. (Android Messages was previously known as Google Messenger.) Some of the features of RCS, which is a global standard, include group chat, high-resolution photo sharing, advanced calling features, and read receipts.
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